10-OCT-2013 Global markets perk up on U.S. debt ceiling hopes Financial markets were decidedly perkier Thursday as President Barack Obama prepared to meet with top Republican leaders in an effort to bring an end to the budget impasse that has gripped Washington over the past few weeks. With the partial shutdown of the U.S. government entering a tenth day and a deadline to raise the debt ceiling just a week away, investors across financial markets are focused on developments in the U.S. capital. The biggest worry has been the debt ceiling: If it’s not raised, the U.S. could default on its debts. One option reportedly being considered to break the standoff has been a short-term increase in the debt ceiling. Obama is due to meet 18 Republicans later to discuss how to resolve the crisis.
Posted on: Thu, 10 Oct 2013 14:00:16 +0000
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