Wall Street Fears $1 Trillion Aftershock From Debt Deal
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Partisan gridlock over the cap on government borrowing has threatened to rattle the stock market and the economy.
A partisan stalemate over government borrowing is threatening the economy.
Photographer: Eric Lee/BloombergClaire Ballentine
The battle over raising the debt ceiling has threatened to rattle markets and wreak havoc on the US economy.
Political leaders in Washington have been arguing for months over the federal debt limit and the conditions under which to raise it. Failure to come to an agreement would mean a first-ever default on some of the government’s obligations.
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