While you were sleeping Jitters over US debt ceiling

Tue, 15 Jan 2013

By Margreet Dietz Jan 16 (BusinessDesk) - Wall Street was mixed as concerns about the US debt ceiling, and the potential impact on the economy, moved to the fore. Treasury Secretary Timothy Geithner warned that failure to lift the US$16.4 trillion debt limit by early March would “impose severe economic hardship.” Fitch Ratings on Tuesday said it expects that Congress will raise the debt ceiling and that the risk of a US sovereign default "remains extremely low". However, failure to do so "in a timely manner will prompt a formal review of th...

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