No budget deal: Now what?

  1. Quilligrapher profile image91
    Quilligrapherposted 5 years ago  -- Nov. 23, 2011

    "Keep an eye on rating agencies' reactions. Expect more market volatility. 2013 is key.

    Now that the Super Committee has failed to reach a deal to reduce the U.S. budget deficit by its November 23 deadline, the question on investors' minds is: What's next?

    The debt limit will increase by $1.2 trillion next year, and a budget sequester will be triggered resulting in $1.2 trillion in spending cuts beginning in 2013 (unless modified by Congress). So what does this mean for the economy and the stock and bond markets?" … il_monthly

    1. profile image60
      geordmcposted 5 years agoin reply to this

      What it means is that we're F@#KED.