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Bob Bryan — Congress has 12 working days to avoid an economic disaster — and there’s good reason to panic

Summary:
Congress has 12 working days to raise the nation's debt ceiling when it returns in September. Failure ot raise the debt limit would cause severe economic and political consequences. Negotiations have been sluggish, with one Democratic aide saying there are currently "no talks" ongoing. Tidbit: "With President Trump, debt ceiling options like the Platinum Coin and the 14th Amendment — while unlikely — are now at least a possibility," said Chris Kruger, an analyst at Cowen Washington Research Group wrote ina recent note to clients. Business InsiderCongress has 12 working days to avoid an economic disaster — and there's good reason to panic Bob Bryan

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  • Congress has 12 working days to raise the nation's debt ceiling when it returns in September.
  • Failure ot raise the debt limit would cause severe economic and political consequences.
  • Negotiations have been sluggish, with one Democratic aide saying there are currently "no talks" ongoing.
Tidbit:
"With President Trump, debt ceiling options like the Platinum Coin and the 14th Amendment — while unlikely — are now at least a possibility," said Chris Kruger, an analyst at Cowen Washington Research Group wrote ina recent note to clients.
Business Insider
Congress has 12 working days to avoid an economic disaster — and there's good reason to panic
Bob Bryan
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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