Business Leaders Call for an End to Washington Gridlock

Many on Wall Street say they are sure that officials in Washington will work out a deal to raise the nation`s borrowing limit and avert another financial disaster.

But one of the biggest money market mutual fund manager appears to be hedging.

Fidelity Investment says it`s been selling off its government bonds over the past few days, or at least the debt that comes due right around the nation will hit the credit limit next week. The company remains confident it says that the debt ceiling issue will be resolved, but said it`s taking these precautions to protect investors.

For most business leaders, the gridlock in Washington cannot end soon enough, from Wall Street to the boardroom, they are calling for a resolution in Washington.

This entry was posted in NBR Show Clips, US Economy. Bookmark the permalink.

Leave a Reply