Archives for Debt ceiling



Prediction Markets on the Debt Ceiling, U.S. Credit Downgrade

Over at Intrade, there are two “hot” markets involving the odds that Congress will raise the U.S. debt ceiling.

- Congress to approve increase in U.S. debt ceiling before midnight on July 31, 2011: 40% (It was 65% a month ago)

- Congress to approve increase in U.S. debt ceiling before midnight Aug. 31, 2011: 75% (It was 85% a month ago)

And at Irish bookmaker PaddyPower.com, here is the line on a Moody’s downgrade:

Will Moody’s downgrade the U.S.?

-Yes: 9/2

-No: 1/8