As the political strategists move their chess pieces, the - TopicsExpress

As the political strategists move their chess pieces, the government shutdown is morphing into the bigger, long-expected fight about the debt ceiling. The agreement to pay government workers back pay, and the recall of most defense workers next week, basically means the impact of the shutdown is quite limited and no longer a political issue of great importance. The real fight is now focused on what concessions can be extracted for raising the debt ceiling and avoiding default – supposedly on October 17th, but certainly by November 1st when the next large social security payment is due. – Michael Drury, Chief Economist, McVean Trading, October 6, 2013

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