US debt ceiling a non-crisis, say hedge funds

us-congress-building

On October 16, 2013, the US government edged away from the brink of a widely reported debt crisis. These eleventh-hour temporary solutions to funding the US government seem to have become almost routine since the August 2011 debt ceiling debates that spurred S&P to the first-ever downgrade of US government debt. Global investors will almost surely find themselves riding the US debt ceiling rollercoaster yet again early next year with the latest debt ceiling suspension set to expire in February

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