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Financial services legislative & regulatory update, October 21 2013

Mintz

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USA October 21 2013

Leading the Pask Week

On October 16th, 16 days after the government shut down and on the eve of the a potential default, Congress was able to pass a deal developed by Senate leaders to reopen the government and raise the debt ceiling. The final tally had Senate passage occurring on an 81 to 18 vote early in the evening, and then the House voting afterwards, where it passed on a 285 to 144 vote. The resolution of this self-inflicted crisis, may lead some to invoke the famous words of Gerald Ford, while others wonder what happens when we reach the next bump in the road in the middle of the Q1 next year.


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Filed under

  • USA
  • Banking
  • Capital Markets
  • Public
  • Mintz

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