12 key points to consider on the debt ceiling and the markets
How might Congress extend the time to work out a debt ceiling agreement?
A short-term debt extension is the most obvious way of buying time for the government to continue the debate over the debt ceiling. The extension could last for a few weeks to allow any increase to get through the legislative process, if a near-term agreement is reached, or it could be to align longer, more in-depth discussions with the end of the government’s fiscal year on Sept. 30.