Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/default-by-debt-ceiling-comple Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Default by Debt Ceiling? ‘Complete Nonsense’ Economy Aug 1, 2011 5:49 PM EDT Editor’s Note: On Monday’s NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt ceiling deal. Turns out the market is reacting positively. And as for the dramatic rise in interest rates some said the U.S. would have to pay if the ceiling was reached? “To call those statement of default hyperbole would be an understatement,” Abdullah Karatash, Natixis’ head of U.S. bond trading, told Paul. Paul Solman: So you think it was just nonsense? Karatash: It was complete nonsense. Watch a preview of Monday’s broadcast report above. This entry is cross-posted on the Rundown– NewsHour’s blog of news and insight _Follow Paul on Twitter._ We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now
Editor’s Note: On Monday’s NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt ceiling deal. Turns out the market is reacting positively. And as for the dramatic rise in interest rates some said the U.S. would have to pay if the ceiling was reached? “To call those statement of default hyperbole would be an understatement,” Abdullah Karatash, Natixis’ head of U.S. bond trading, told Paul. Paul Solman: So you think it was just nonsense? Karatash: It was complete nonsense. Watch a preview of Monday’s broadcast report above. This entry is cross-posted on the Rundown– NewsHour’s blog of news and insight _Follow Paul on Twitter._ We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now