BlackRock’s Fisher Doesn’t Expect U.S. to Default on Debt

BlackRock Inc.’s Peter Fisher, the former head of fixed income at the world’s biggest money manager, said he doesn’t expect the U.S. to reach its debt limit and default.

“Both sides have lost the power to threaten,” Fisher, now a senior director of the BlackRock Investment Institute, said today during an interview with Erik Schatzker and Stephanie Ruhle on Bloomberg Television’s “Market Makers”. Fisher is a former Treasury undersecretary for domestic finance, and previously spent 16 years at the Federal Reserve Bank of New York.

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