Investors Scramble to Prepare for the Unthinkable

Posted By:Binyamin Appelbaum and Eric Dash World markets have behaved until now as if it were inevitable that Congress would raise the debt ceiling  before the Treasury Department exhausts its ability to pay all of its bills in early August. The breakdown of negotiations Friday has jolted that sense of equanimity, the New York Times reports.    Read More Topics:Wall Street | White House |...