Well, we all know how important Wall St. is.
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Wall Street is greeting the drama-free hike to the debt ceiling with a sigh of relief.
Ever since Republicans took control of the House in 2010, the financial sector has had to keep a close eye on Congress when it comes to the borrowing limit, with fiscal standoffs suddenly commonplace.
But on Wednesday, a Congress that has made a habit of pushing the debt limit fight to the final days approved a borrowing hike with plenty of time and relatively little suspense.
“Getting it done well in advance of the date, obviously it’s good for the markets. It’s good for the economy, it’s good for our nation, and it sends a great signal internationally,” said Rob Nichols, president and CEO of the Financial Services Forum.