What Markets Think About the Looming Debt Ceiling Showdown
- Markets are pricing in a repeat of 2013 scenario over 2011
- Trump introduces more uncertainty with shutdown warning
Mnuchin Says U.S. Debt Ceiling Will Be Raised
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Financial markets are suggesting the political drama surrounding Congressional efforts to raise the nation’s debt ceiling will play out more like the lesser of two recent showdowns.
Investor angst, as measured by the CBOE Volatility Index, known as both the VIX and the fear index, is below the levels experienced during 2011 and 2013 confrontations, even as lawmakers face of deadline of a little more than a month to reach an agreement.