News Briefs

The Wall Street Journal reports that U.S. lawmakers face uncertainty as to when the Treasury will run out of funds and require modifications to the debt ceiling. Congressional leaders still have yet to reach an agreement regarding the debt ceiling, although many believe that Congress should act earlier rather than later, as the Treasury’s funding may expire sooner than expected. WSJ

David Harrison of the Wall Street Journal writes that Federal Reserve rate hikes are not slowing down record gains in stock markets as officials would expect. Although market-watchers expect the Fed to raise interest rates again at its June meeting, equity markets have shown few signs of slowing down, raising concerns of overvaluation and financial bubbles. WSJ