-- The historic ouster of Republican Kevin McCarthy as Speaker of the House may add to the risk of a US sovereign credit-rating downgrade and further roil markets, according to strategists.Airbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.
“There is some risk of a potential downgrade” by Moody’s Investors Service should the change lead to a government shutdown and fuel more uncertainty around the US’ spending plans, said Vishnu Varathan, head of economics and strategy at Mizuho Bank. “These guys haven’t gotten their act together — and it could lead to markets rethinking about pricing in Treasuries.”
The next speaker is likely to be “under even more pressure” than McCarthy was on funding issues, strategists including Jan Hatzius wrote in a note. Trump attacks the judge in his fraud trial, saying he's 'getting away with murder,' while standing directly outside his courtroom door