Economics
Analyst: There's a Growing Divide at the Fed, and It's Time to Brace for Higher Volatility
Dissent at the Fed and trouble with the Phillips Curve.
Ken Langone: Fed Lacks Backbone
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The U.S. Treasury will run out of cash on Nov. 10 if an agreement to raise the debt ceiling isn't reached by the time a $13-billion payment to Social Security recipients comes due, according to strategists at Jefferies.
With House Republicans struggling to find a new speaker, analysts at Goldman Sachs have said that: "Negotiations to lift the debt ceiling may be contentious and may not be resolved until the last moment."