Markets, Volatility and Playing Chicken with the Debt Ceiling
John Boehner doesn’t want a default to be his swan song, so Congress will likely take action before the deadline. But be wary of a left-tail event.
Libby Cantrill
Jerome Schneider
October 21, 2015
Representative Paul Ryan, a Republican from Wisconsin and chairman of the House Ways and Means Committee, left, walks to a House Republican meeting with Representative Jeb Hensarling, a Republican from Texas, right, in the basement of the U.S. Capitol in Washington, D.C., U.S., on Wednesday, Oct. 21, 2015. Ryan said he'll run for U.S. House speaker if Republicans unify behind him and accede to his other demands but is meeting early resistance from the conservative faction that drove John Boehner from the job. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Paul Ryan; Jeb Hensarling
Andrew Harrer/Bloomberg
