Uncertainty over debt ceiling hits markets

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.