The fight more than the speaker of the House of Representatives is one thing not seen for a century or a lot more. But the additional appropriate precedent for traders may well be 2011, when the drawn-out struggle to raise the nation’s financial debt ceiling threatened to induce a economical disaster and culminated in a key score company stripping the U.S. of its top rated triple-A credit rating position.
In fact, the debate above who will be the subsequent speaker is just a proxy fight above what could shape up to be a toxic battle to elevate the financial debt ceiling afterwards this yr, in accordance to Strategas Exploration Partners’ Washington analysis crew, led by Daniel Clifton.
The fight more than the speaker of the House of Representatives is one thing not seen for a century or a lot more. But the additional appropriate precedent for traders may well be 2011, when the drawn-out struggle to raise the nation’s financial debt ceiling threatened to induce a economical disaster and culminated in a key score company stripping the U.S. of its top rated triple-A credit rating position.
In fact, the debate above who will be the subsequent speaker is just a proxy fight above what could shape up to be a toxic battle to elevate the financial debt ceiling afterwards this yr, in accordance to Strategas Exploration Partners’ Washington analysis crew, led by Daniel Clifton.
