Daily Default Dashboard: Markets like the Republicans’ offer

October 11, 2013

The news that Republicans will propose a six-week extension of the debt ceiling, pushing the debt standoff to Nov. 22, led to a big lowering of tensions in markets Thursday. While Democrats reacted coolly to the proposal, markets were thrilled to see any signs of progress toward averting a default later in October. That shows up on the Daily Default Dashboard as a reversal of the heightened tensions earlier in the week.

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