Analysis-Will Washington truce stick? Wall St assesses U.S. debt ceiling risk

By Reuters

An apparent truce in the U.S. debt-ceiling standoff in Congress has offered some relief to Wall Street investors on edge about a possible debt default, but analysts are left assessing the risk of a repeat crisis as the year closes out. The heads of major banks and financial institutions warned lawmakers of catastrophe if the debt ceiling was not raised before Oct. 18, the date the government expects to run out of cash, leading to a default on its debt. A plan floated by U.S. Senate Republican Leader Mitch McConnell on Wednesday would extend the borrowing limit into December — providing respite but no long-term solution.

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Via:: Sports Headlines

      

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