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Looming Debt Ceiling Deadline Pushing Some U.S. Fund Managers To Cash

TedTed
in The Bullpen
FYI: A potential standoff over the U.S. federal debt ceiling is raising alarm bells among fund managers who fear a repeat of 2011 when a protracted showdown over increasing the government’s borrowing limit and subsequent downgrade of U.S. credit quality led to a more than 15 percent slump in the S&P 500 stock index.
Regards,
Ted
http://www.reuters.com/article/usa-stocks-weekahead/wall-st-week-ahead-looming-debt-ceiling-deadline-pushing-some-u-s-fund-managers-to-cash-idUSL2N1LI16A
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