Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Greenlight’s Einhorn Says a U.S. Default Is Unimaginable

Don't Miss Out —
Follow us on:

Oct. 2 (Bloomberg) -- David Einhorn, president of hedge-fund firm Greenlight Capital Inc., said it’s unimaginable for the U.S. to miss a deadline to raise its debt limit and default.

“Frankly not working this out so the government shuts down is bad enough,” he said in an interview today with Stephanie Ruhle and Erik Schatzker on Bloomberg Television’s “Market Makers.” “It doesn’t seem that they tried to sit down to talk through their differences. It’s a real shame. I think it is embarrassing to all of them.”

The U.S. government started a partial shutdown yesterday and must raise the debt limit this month to ensure that it has enough money to pay all its bills. President Barack Obama summoned the top four leaders of Congress to the White House today for the first high-level talks on reopening the U.S. government and raising the debt ceiling, according to a White House official.

Obama will continue to insist on a short-term spending bill and debt-limit increase without policy conditions, said the official, who requested anonymity because the information isn’t public.

Einhorn’s New York-based firm manages $9.7 billion in assets.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.