Stocks Fall In Prior Reaction To Senate Debt Ceiling Approval
The Stock Market has always been a barometer of financial times..and Tuesday, ahead of the Senate approving the budget debt ceiling bill, stocks fell significantly.
while they did not plummet, experts say this is a clear sign of investors showing concern over the measure, that alledgedly combines trillions of spending cuts down the road, but also raises the US debt ceiling, and could potentially affect the US AAA credit rating. Adding to this concern was worries over US consumers pulling back on spending, which does not help the economy either. When consumers and investors are worried about the economy, and do not have faith in what the government is doing to remedy the situation, money gets tighter. Just because the bill passed, and the plan to cut spending, the cloud of credit downgrading still looms.