From Yahoo News Finance
US stocks fell by 70 points (0.50) as the new US debt limit law still remain unpassed over the weekend. This is on top of the shutdown because of the failure of both houses of Congress to pass a budget (Fortunately for the PHL, if the Congress fail to pass a budget, the old one is automatically enacted under Article VI of the l987 constitution) But the debt limit passage is worrisome because when the bond payments come, as in October 31, 2013, US would not have any money to pay (it has to borrow just to keep with interest payments) and thus would be in default, and everything would crash on US finance and economy. I pray not. It is pitiful event for the big brother, for the biggest and most superior country in the world (?)
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