While you were sleeping Wall Street, Wal-Mart drop

Wed, 25 Sep 2013

Sept. 26 (BusinessDesk) – Wall Street declined amid concern Congress might not make the October 1 deadline for a short-term spending agreement needed to ensure the US government can avert a shutdown. Treasury Secretary Jack Lew warned Congress that the US would exhaust its borrowing capacity no later than October 17, at which point it would have only about US$30 billion in cash on hand, according to Reuters. The uncertainty helped fuel demand for a US Treasury auction of US$35 billion in five-year bonds, which drew a higher-than-expected yie...

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