On debt ceiling, markets hopeful Washington has learned a lesson
NEW YORK (Reuters) - The U.S. government is expected to bump up against its legal borrowing limit by March, and it would be hard to fault investors for feeling edgy. The last fight over the debt ceiling led to one of the most volatile weeks in stock market history, cost the United States its top credit rating and pushed the government to the brink of default. But this time around, markets are remarkably calm, with the benchmark S&P 500 barely budging on Friday after notching a five-year closing high on Thursday. ...
