US Debt Ceiling Debate Could Continue Until End of Month

Here’s how the latest episode of the debt ceiling drama will end: Congress will eventually raise or suspend the country’s borrowing limit, probably for as much as a year.
The key word, though, is eventually. They could do it right now if they wanted. But they’ll probably drag things out until the end of this month.

That’s when Treasury Secretary Jack Lew has warned that the nation’s borrowing authority absolutely, positively must be extended or the United States will risk defaulting on some of its obligations in March.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza