Daily Default Dashboard: Back in the ‘scary’ range

It was a messy day in Washington Tuesday, as House Republicans first came up with a plan of their own to deal with the debt ceiling and government shutdown (albeit one that Senate Democrats surely would have rejected), and then were unable to maintain cohesive support for their own plan. That chaotic process, combined with the fact that we are now one day closer to the Thursday deadline for raising the debt ceiling, led to deeper fears in financial markets, though stock and bond prices still point to a deal ultimately being done sooner rather than later. After markets closed Tuesday, Fitch said it was putting the U.S. government on negative credit watch. It was all enough to push the Wonkblog Daily Default Dashboard back into "Getting kind of scary" range after a few days of more peaceful readings. 

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Evan Soltas · October 16, 2013