{"id":25886,"date":"2011-04-27T17:25:11","date_gmt":"2011-04-27T17:25:11","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft_us_banks_warn_obama_on_soaring_debt\/"},"modified":"2011-04-27T17:25:11","modified_gmt":"2011-04-27T17:25:11","slug":"ft_us_banks_warn_obama_on_soaring_debt","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=25886","title":{"rendered":"(FT) US Banks Warn Obama on Soaring Debt"},"content":{"rendered":"<p>A group of the largest US banks and fund managers stepped up the pressure on Congress and the Obama administration to reach a deal to increase the country\u2019s debt limit, saying that even a short default could be devastating for the financial markets and economy.<\/p>\n<p>The warning over the debt limit is the strongest yet to come from Wall Street, highlighting growing nervousness among investors about the US political system\u2019s ability to forge a consensus on fiscal policy.<\/p>\n<p>The most pressing budgetary issue confronting Congress and the Obama administration is the need to raise the US debt ceiling, which stands at $14,300 billion.<\/p>\n<p><a href=\"http:\/\/www.cnbc.com\/id\/42775820\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A group of the largest US banks and fund managers stepped up the pressure on Congress and the Obama administration to reach a deal to increase the country\u2019s debt limit, saying that even a short default could be devastating for<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=25886\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,670,595,592,149,591,590,671,119,617,616,151,667,618,585,596,669,584,672,668],"tags":[],"class_list":["post-25886","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-budget","category-credit-markets","category-currency-markets","category-economy","category-euro","category-european-central-bank","category-federal-reserve","category-globalization","category-house-of-representatives","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-senate","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-u-s-government","category-the-united-states-currency-dollar-etc","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/25886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25886"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/25886\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}