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Asia stocks muted as US budget duel heats up

September 24, 2013 • Business


FILE – In this Wednesday, Sept. 18, 2013, file photo, specialist Christopher Culhane works at his post on the floor of the New York Stock Exchange. Investor worries about a budget fight in Washington pushed stocks lower on Monday, Sept. 23, 2013, overshadowing the prospect of more economic stimulus from the Federal Reserve. (AP Photo/Richard Drew, File)

BANGKOK (AP) — Asian stock markets were tempered Wednesday by fears that political gridlock in Washington over the federal budget might shut down the U.S. government.

The government will reach its borrowing limit, or debt ceiling, by Oct. 1. If Congress doesn’t raise that limit, the government won’t be able to pay all its bills. That leaves just days for the Login to read more

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