Much of the attention in Washington, DC this week continued to focus on the debt ceiling, with the Treasury Department officially announcing that Congress has until June 1st to pass an increase to the debt limit. Separately, the Federal Deposit Insurance Company (FDIC) took control of First Republic Bank this week and coordinated its sale to JP Morgan Chase - garnering both praise and criticism from policymakers on both sides of the aisle. Lastly, President Biden announced that he would be sending 1,500 active duty troops to the southern border. This move is in anticipation of an expected surge in migrants due to the upcoming removal of immigration restrictions that were implemented during the COVID-19 pandemic.
Check it all out in this week's BG3! Click the image below to download a full PDF version of the document.