On the front page of the Financial Times print edition for Friday:
From the FT article:
- “US banks were stocking cash machines with extra funds, investors dumping Treasury bills and US equity indices sinking on Thursday in a sign of mounting unease that Washington risks defaulting on its debt later this month. “
- “policy makers and business leaders expressed increasing concern that Republicans and Democrats would not reach a deal before the October 17 deadline to raise the debt ceiling”
- “Christine Lagarde, managing director of the International Monetary Fund, gave warning of dire consequences for the rest of the world if the stalemate were not resolved. “The government shutdown is bad enough, but failure to raise the debt ceiling would be far worse,” she said. “It is ‘mission critical’ that this be resolved as soon as possible.” “
The FT are persistent worry-warts, and the article isn’t saying much new. Still, concerns are increasing as positions seemingly get more deeply entrenched.
Link (gated, but can be read with a free registration)
