The debt ceiling drama continues .... again ... for another year .... it never goes away :-D

From the Financial Times:

  • Credit rating agencies have ratcheted up their warnings over the consequences should a divided Washington fail to raise the US debt ceiling
  • S&P cautioned that a failure by Congress to lift the debt ceiling would likely be "more catastrophic" than the collapse of Lehman Brothers in 2008 that brought the global financial crisis to a head.

FT article is here for more, may be gated: Rating agencies warn on failure to raise US debt limit

And, Bloomberg with this one: Trump Weighs Tying Debt Limit Increase to Harvey Aid

  • Approach intended to spur quick action to avoid U.S. default
  • Request for $5.95 billion aid package may come Friday