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US: Debt ceiling approaching fast - ING

James Knightley, Chief International Economist at ING suggests that as lawmakers return from summer recess, the first issue on the agenda will be to raise the debt ceiling and, if they fail, it will hit markets hard.

Key Quotes

Deal, shutdown or default

President Trump is surely getting used to bad headlines following his Administration’s failure to repeal and replace Obamacare together with the impasse over tax reforms. However, his situation and the media coverage may soon get even worse.

Lawmakers return to Washington on 5 September and could have as little as 12 working days to pass legislation to raise the debt ceiling. Otherwise, the US faces the prospect of a government shutdown of non-essential services and potentially even a debt default.”

 

US: FOMC minutes in focus - TDS

The minutes to the July FOMC will take prevalence over economic data and are likely to provide further evidence that the Fed is ready to announce bala
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FOMC minutes in the limelight – Danske Bank

The minutes from the FOMC meeting in July are due for release in the US and will be the key economic release for today’s session, according to analyst
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