U.S. stock futures rose on the first trading day of August after six straight monthly gains for the S&P 500.
want to pass the infrastructure bill alongside a much larger go-it-alone $3.5 trillion budget reconciliation package. conducting emergency cash-conservation steps on Monday to avoid busting the federal borrowing limit after a two-year suspension of the debt ceiling expired at the end of July. That should buy Congress enough time to raise or suspend the debt ceiling. The alternative would be a never-before-seen default on U.S. debt. Monday after a federal moratorium expired over the weekend.
The delta-driven increase of Covid infections around the country is being felt particularly hard in Florida. A day after recording the most new daily cases since the start of the pandemic, Florida on Sunday set more than a year ago, before vaccines were available. The latest seven-day average of new daily infections in the U.S. increased 54% from a week ago.
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