The week started with stocks hitting all-time highs boosted by the momentum that carried over from last week and the positive comments from Fed Chair Jerome Powell (Reuters.) Meanwhile the Asian export economies are definitely taking a hit from tariffs and the slowdown in trade. But the next big political issue will be raising the debt ceiling by early September while Congress is scheduled for a six-week vacation – the scramble will be on. There are also lighter articles on wine, the shopping mall from Stranger Things, and much more in this week's The Friday Buzz. By the way, if you are enjoying the weekly emails from RSWA don't keep it a secret and share them with friends and family! Stay cool this weekend!
- Debt Ceiling Politics: If nothing is done, the U.S. government will run out of money sometime in early September. Political parties are jockeying over negotiations and demands, but Congress may lose part of their coveted summer break to resolve the issue. Washington Post