Thursday, October 17, 2013

US Market Up-Date 12:00pm EST

- The US fiscal crisis has been shoved back a few more months, but it's worth remembering that the deadline for the US to raise the debt ceiling again is only 107 days away (although Treasury may be able to push this back further, to March 2014). 

The two figures charged with building a new budget and fiscal framework over the next few months - Senate Budget Committee Chairwoman Patty Murray (D-WA) and Rep. Paul Ryan (R-WI) - tried to strike a positive tone after their first meeting. 

They face a Dec 13th deadline for reporting back to Congress, with the goal to produce a final budget top-line number for the current fiscal year so that final spending bills can be worked out before funding runs out again on Jan 15th.

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