World Week Ahead US debt talks turn frosty

Sun, 13 Oct 2013

By Margreet Dietz Oct. 14 (BusinessDesk) – US lawmakers’ wrangling over the debt ceiling and budget will remain centre stage in the coming days, pushing earnings season into the background. The optimism that talks were finally progressing last week and helped propel Wall Street sharply higher on Friday, faded over the weekend as the gap between Democrats and Republicans seemed to widen rather than narrow. In the past five days, the Dow Jones Industrial increased 1.1 percent, while the Standard & Poor’s 500 Index gained 0.8 percent, and the...

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