Wall St Week Ahead-Looming debt ceiling deadline pushing some U.S. fund managers to cash
NEW YORK, Sept 1 (Reuters) – A potential standoff over theU.S. federal debt ceiling is raising alarm bells among fundmanagers who fear a repeat of 2011 when a protracted showdownover increasing the government’s borrowing limit and subsequentdowngrade of U.S. credit quality led to a more than 15 percentslump in the S&P 500 stock index.
The post Wall St Week Ahead-Looming debt ceiling deadline pushing some U.S. fund managers to cash appeared first on RocketNews | Top News Stories F
Read more »