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Igwe Nnanna posted in the group Business
The U.S. reached its $31.4 trillion debt cap yesterday, the total amount it can borrow. The country is now gearing up for a bitter partisan battle over raising the cap, as the Treasury Department begins using a series of accounting maneuvers to ensure the federal government can keep paying its bills — and federal workers — ahead of what’s expected to be a protracted fight over whether to increase the borrowing cap.The milestone is a product of decades of tax cuts and increased government spending by both Republicans and Democrats. But at a moment of heightened partisanship and divided government, it is also a warning of the entrenched battles that are set to dominate Washington and could end in economic shock.
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Igwe Nnanna Otu
Founder of AfriWallStreet
My name is Igwe Nnanna Otu, the founder of AfriWallStreet. I’m a serial entrepreneur supporting, working alongside, and advocating for younger professionals in different fields.
Having gained experience in the construction sector, oil and gas sector, renewable energy research, and currently working in the banking sector, and building my media and social network platform, I can only say thank you to everyone who gave me the opportunity to contribute to their organization and am ever ready to take up new challenges in this diversified world.
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