Claim your bonus gift: give any amount to get 4 KaiPA coasters! Donate today
Raising the Debt Ceiling

Congress mulls short-term fix to debt ceiling

David Brancaccio Oct 10, 2013
HTML EMBED:
COPY
Raising the Debt Ceiling

Congress mulls short-term fix to debt ceiling

David Brancaccio Oct 10, 2013
HTML EMBED:
COPY

Investors, this morning, are putting their hopes on to talk that Congress could get behind a short-term delay to the impending collision with the limit on federal borrowing. This would be like getting an extension on a term paper, the work would still have to be done but not by the current deadline, October 17th. Treasury Secretary Jack Lew is on Capital Hill this morning warning about what he sees as the widespread consequences of a default. Some Republicans are suggesting one way to mute the impact is to prioritize what the government pays, the way you might pay the heating bill before a gym membership during a tough month for a household budget. The Treasury Secretary thinks that makes no sense.

To tell us what Wall Street is saying, Marketplace Morning Report talks with Adolfo Laurenti, deputy chief economist at Mesirow Financial.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.