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Local News

Markets Shaky From U.S. Debt Ceiling Problems


The markets started a little shaky Monday morning as lawmakers still struggle to reach a deal on the debt ceiling. Tyler Simones with Northwest Quadrant Wealth Management says things settled down fairly quickly. “The markets looked like going to sell off sharply. Asian markets sold off, European markets sold off. The U.S. initially started selling off and then rallied as bargain hunters entered the market. Markets still think we're going to get a deal done.” Democratic and Republican Congressional leaders are preparing to unveil new deficit reduction plans Monday as they try to reach middle ground before the August 2nd deadline.

 

 

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