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While we’re all wondering about whether the Fed will proceed with Septaper, another issue will come to a head again in September. The US Congress again faces negotiations over its debt ceiling and the lead up is looking messy. Like last year we’ll no doubt see some eleventh hour deal but let’s not underestimate the ructions it will take to get us there. Find below useful video from CNBC and for more detail try Stan Collender.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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