Uncertainty over debt ceiling hits markets

David Brancaccio Oct 14, 2013
HTML EMBED:
COPY

Uncertainty over debt ceiling hits markets

David Brancaccio Oct 14, 2013
HTML EMBED:
COPY

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.