Special Topic

Pelosi: Republicans ‘May Need To See Markets Drop 400 Points’ Before Raising Debt Ceiling

During a Capitol Hill press conference today, House Minority Leader Nancy Pelosi (D-CA) said, “I don’t need to see markets drop 400 points, but Republicans may need to see markets drop 400 points” before raising the debt ceiling. Center for American Progress Senior Economist Heather Boushey has noted that “reaching the debt ceiling will, in all likelihood, trigger a sharp fall in the stock market.”

Check out our special coverage of the Debt Ceiling Showdown.