Uncertainty over debt ceiling hits markets

David Brancaccio Oct 14, 2013
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Uncertainty over debt ceiling hits markets

David Brancaccio Oct 14, 2013
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It’s an odd day for financial markets, with the bond market closed for Columbus Day. But the stock market is open and with no clear path toward re-opening closed parts of the federal government or averting an impact with the federal debt ceiling, the mood is subdued on stock markets.

For a traffic report on the Washington gridlock, Marketplace Morning Report turns to Stan Collendar, a former House and Senate budget committee staffer who writes about the federal budget — even when the global financial system may not be at stake.

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