House Republicans Plan Three-Month Debt-Limit Increase
House Republicans revised their strategy for the coming months’ fiscal debate with Democrats, saying they’ll agree to a three-month debt-limit increase without demanding spending cuts as part of the deal.
Instead, Republicans will use the planned Jan. 23 House vote on a debt-ceiling increase to try to force Senate Democrats to adopt a budget to spell out their spending plan.
“We are going to pursue strategies that will obligate the Senate to finally join the House in confronting the government’s spending problem,” Speaker John Boehner of Ohio said in a statement yesterday at the end of House Republicans’ policy retreat at a resort near Williamsburg, Virginia.
The strategy represents an acknowledgment by Republican leaders that they need to reassess their goals following President Barack Obama’s re-election and an increased Democratic majority in the Senate.
The Treasury Department has said the U.S. will exceed its $16.4 trillion borrowing authority sometime from mid-February to early March. Congress faces two other fiscal deadlines in the next 90 days, and House Republicans plan to use those debates -- rather than the immediate one over the debt limit -- to push for federal spending cuts.
Financing for government agencies is scheduled to lapse March 27, and lawmakers must pass new spending or cause a government shutdown. Also in March, Congress will confront the $110 billion in automatic spending cuts, half from defense, that were postponed in the Jan. 1 tax deal.
This coincides with possible continuation of upward trend in PMs till March while delaying the resolution of correction triangle till June- July-August, as some here including me have been speculating all along if for different reasons, but anyhow related to debt and fiscal future development issues. VERY significant change in short term fundamentals.
If this passes as they say, this triangle becomes a must to close before any further take on direction. Which in the meantime means lower highs and higher lows.

Opportunities for stacking- until June-July, then, if USG fiscal situation does not improve ( why should it-austerity?) or worsens (e.g. war) , PM shall start next leg up as USG debt will be guaranteed to increase with renewed vigor and clear future projections.
This resolution might coincide with a change of trend peak in bond prices to down, slowly starting to cause inflationary effects and slow interest rate increases leaving debt cancelation at one stage as the only tool to stop it.














I liked these ideas so saved here for future development:
May be against short term realities a bit, but as far as I know Germans and also their history suggests that their aim to control Europe fiscally (with some minor allies ) is the real one and whatever they do that governing strategic target remains valid.
That also ensures that UK will be seeking to distance from Europe and mover into USA fiscal /financial arms as Japan has already clearly done.
The raising conflict rhetoric between Japan and China actually favors USD as reserve currency as it adds value to USA protection of Japan (the military asset behind USD ) and stability ( at the same time enciting Japan to get more aggressive) . Japan has already announced payment for this in term of increasing USA bond purchases and aid loans to developing world repayable in USD. Its clear as water that the destabilization of the region is accepted or even originates from the USA.
Instability in other regions does not require enough utilization of the military assets backing USD as reserve currency, as war on terror has shown. Spending 2001-2012 has not increased the value of that as all as terrorism is not perceived as strong enough threat.
I suggest that Britains confrontational stance with Europe ( not military though) also helps USD as reserve currency, and we will see further escalation of that as well.