Debt ceiling worries start to rattle Wall Street

Market concerns: A vendor sells replicas of the Wall Street Bull outside the NYSE. Some signs of nervousness are showing in US markets as the Congress faces a pair of approaching deadlines to fund the government and address the nation’s debt ceiling. — AFP

NEW YORK: The slim-but-growing possibility of a fiscal crisis if Congress doesn’t act on the debt ceiling is getting increasing attention from US investors and is filtering into certain asset prices, though few believe the nation will ultimately default.

Warnings have been rung from policymakers to Wall Street bankers of the risk that talks go down to the wire.