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Briefs: Democrats to accept short-term debt ceiling hike, Singapore updates national cybersecurity strategy

The Edge Singapore
The Edge Singapore • 6 min read
Briefs: Democrats to accept short-term debt ceiling hike, Singapore updates national cybersecurity strategy
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"I think they draw from a similar pool of investors, if not the same pool." — Steve Sosnick, chief strategist at Interactive Brokers, on the current Bitcoin boom which he says is akin to the speculative frenzy over meme stocks GameStop Corp and AMC Entertainment Holdings

US Democrats signal they will accept short-term debt ceiling hike

US Democrats signalled they would take up Senate Republican leader Mitch McConnell’s offer to raise the US debt ceiling into December, alleviating the immediate risk of a default but raising the prospect of another bruising political fight near the end of the year.

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