Market Extra: Why the debt-ceiling showdown is a ‘Catch-22’ for markets after House passes bill

Congress might not raise the U.S. debt ceiling until close to the deadline — or until financial markets force their hands. 

“Until markets get more volatile, I don’t think you’re going to see meaningful action,” said Adam Stern, co-head of research at Breckinridge Capital Advisors, by phone Wednesday. “It’s very likely they’re going to go as close to the X-date as they can before we get negotiations.”



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