NEW YORK (CNNMoney) - Stocks around the world fell Monday, as markets reacted to news that congressional leaders and the Obama administration failed to reach agreement on a deal to raise the U.S. debt limit.
Tokyo's Nikkei 225 closed lower 0.8% at 10,050. In Hong Kong, the Hang Seng index lost 0.7%.
Mitch McConnell said the #1 goal of the Republicans was to make sure Obama was a one term president. It has now become as plain as the nose on my face that these people will absolutely destroy the global economy to make sure that happens. I don't know what we call this, terrorism, treason, sedition, or a combination of both, but they should be put on trial as enemies of the state.
Congress needs to stop the lallygagging and raise the debt limit immediately. The stalling and politicking are affecting the markets and I'm starting to get that feeling I had in late 2008. Peoples 401k plans are gonna get hit the longer Congress takes to act.
"Tokyo's Nikkei 225 closed lower 0.8% at 10,050. In Hong Kong, the Hang Seng index lost 0.7%."
Big deal. The markets fall a LOT more than this if someone farts in a crowded room. Sensationalism much?
Do those 40-50 Tea Party freshman still think that Sec'y Geitner is lying about what could happen if we do not raise the debt limit?
Gee, who could have predicted this?
It will only get worse if legislators fail to get beyond the ideological tea nonsense. Irresponsible default would cause interest rates to rise, dollar value to fall, servicemen & women could not get paid for service to our country, etc. Enough!
Most Americans want compromise from our representatives. Get it done now!