At 8:50 AM EST Tokyo time (7:50 PM EST Wednesday evening),
US futures are negative. S&P -5. Dow -37. Nasdaq -6. Euro 1.1169.
[Text is Redacted: Purchase October 2015-10 to Read the Complete Chronology]
....Lew says the US government has enough money to operate until 11/5/15. After that extraordinary measures will be needed to keep the government open. The timing is interesting considering that republican House speaker Boehner resigns on 10/31/15 only a few days before the new Lew deadline for raising the debt ceiling limit. The budget bill just passed extended the deadline for raising the debt ceiling limit to December but Lew is moving the goal posts closer in time. The debt ceiling drama will continue over the coming weeks and the markets must face further uncertainty.
[Text is Redacted: Purchase October 2015-10 to Read the Complete Chronology]
....Lew says the US government has enough money to operate until 11/5/15. After that extraordinary measures will be needed to keep the government open. The timing is interesting considering that republican House speaker Boehner resigns on 10/31/15 only a few days before the new Lew deadline for raising the debt ceiling limit. The budget bill just passed extended the deadline for raising the debt ceiling limit to December but Lew is moving the goal posts closer in time. The debt ceiling drama will continue over the coming weeks and the markets must face further uncertainty.
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