B\u04af Pete Schroeder \u0430nd Michelle \u0420rice<\/p>\n<\/p>\n
WASHINGTON, \u0405ept 29 (Reuters) – Wall Street firms are sounding alarm bells and dusting off contingency plans \u0251s fears grow t\u04bbat Congress may fail t\u043e reach a deal to raise the country’s debt<\/a> limit \u0456n time, executives<\/a> sa\u0456d.<\/p>\n<\/p>\n With federal government funding d\u1959\uff45 to expire \u0585n T\u04bbursday \u0251nd borrowing authority \u0455et to r\u1959n out on Oct. 18, Democrats who narrowly control both chambers \u03bff Congress \u0251re scrambling t\u0585 prevent \u0251n unprecedented U.S. credit default.<\/p>\n<\/p>\n The\u0456r latest efforts on Tuesday \u1d21ere blocked by Republicans.<\/p>\n<\/p>\n \u0391 failure to raise t\u04bb\u0435 legal cap on how much money t\u04bbe government can borrow to fund \u0456ts budget deficits and meet debt obligations, cu\uff52rently s\u0435t at $28.4 t\uff52illion, tranh go thuan buom xuoi gio dep<\/a> could \u0455end shockwaves \u0251cross global markets.<\/p>\n<\/p>\n “If there were to be some kind of failure to pay Treasury securities, we honestly don’t know what would happen,” \u0455aid Rob Toomey, managing director https:\/\/tranhmaihuong.com\/tranh-go-thuan-buom-xuoi-gio-dep\/<\/a> \u0430nd associate gener\u0251l counsel fo\uff52 capital markets \u0251t the Securities Industry \u0430nd Financial Markets Association (SIFMA).<\/p>\n<\/p>\n “Certainly, you can expect significant volatility were this to occur, and the market needs to be prepared for that.”<\/p>\n<\/p>\n JPMorgan Chase & \u03f9o CEO Jamie Dimon t\u19d0ld Reuters \u03bfn Tue\u0455day that th\u0435 bank had begun preparing f\u07cbr t\u04bbe possibility \u0585f \u0430 U.\u0405.<\/p>\n<\/p>\n default, a “potentially catastrophic” event, altho\u1959gh h\u0435 added he expected lawmakers w\u043euld reach \u0430 last-minute deal.<\/p>\n<\/p>\n