Traders will be able to take time away to decorate the graves of America’s military dead on Monday as all exchanges in the US will shutter for the day to observe the Memorial Day holiday, but, the trading for crypto never closes and will be available throughout the holiday.
Over the weekend, the White House and House Republicans have reached an agreement to raise the debt ceiling for two years and cap spending.
The deal is a compromise, Biden said during a short press briefing on Sunday evening. “Nobody got everything that they want.”
The bill is expected to come to the House floor for a vote on Wednesday, May 31. And, if it passes the House, then the legislation heads to the Senate for a vote. After that President Biden needs to sign it for it to become law. Treasury Secretary Janet Yellen on Friday estimated that the department will run out of cash on Monday, June 5, if the debt ceiling isn’t raised or suspended by then.