The Key Points That Could Complicate a Debt-Limit Deal
- Stocks have shown no sign of broader investor concern
- Pathway to resolution sees number of legislative hurdles
Republicans and Democrats aren’t alone in playing chicken over the federal debt limit — investors, too, are staring down at the risk of financial catastrophe.
While pockets of the US Treasury market, along with a number of derivatives contracts, have reflected rising concerns about a potential federal payments default, that’s not true for the stock market. The S&P 500 Index is up about 8% for the year.