Wall Street: Debt Ceiling Debate Could Roil Markets

Tuesday, 12 Apr 2011 10:22 AM

By Dan Weil

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
The risk of a government shutdown amid the last-minute wrangling over the budget last week may have had little impact on financial markets. But if there is similar dithering over lifting the debt limit before the May 16 deadline, all heck could break loose, Wall Street executives say, according to The Hill.

Steve Bell of the Bipartisan Policy Center says his group’s scholars have heard from Wall Street bigwigs who are worried. “They said that Congress better not think they can play the same shenanigans with the debt ceiling,” he told The Hill.

Douglas Holtz-Eakin, former director of the Congressional Budget Office, makes the same point. “What markets typically dislike the most is uncertainty,” he said. “The more it drags out, the greater that impact will be, and that’s not a good thing.”



© 2014 Newsmax. All rights reserved.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Simulator Firm Fires Instructor Seen on CNN Plane Coverage

Wednesday, 16 Apr 2014 20:51 PM

A Canadian flight simulator business fired an instructor who figured prominently in CNN's coverage of missing Malaysia A . . .

Fox Poll: Most Americans Think Obama Lies

Wednesday, 16 Apr 2014 20:47 PM

President Barack Obama has lost the trust of most Americans: a new poll shows that about six in 10 voters think he lies  . . .

Cantor to Obama: Don't Attack Those You Need to Work With

Wednesday, 16 Apr 2014 20:21 PM

House Majority Leader Eric Cantor said Wednesday that President Barack Obama called him to discuss comprehensive immigra . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved