US Market Up-Date 12:00pm EST

– The US fiscal
crisis has been shoved back a few more months, but it’s worth remembering that
the deadline for the US to raise the debt ceiling again is only 107 days away
(although Treasury may be able to push this back further, to March 2014). 


The
two figures charged with building a new budget and fiscal framework over the
next few months – Senate Budget Committee Chairwoman Patty Murray (D-WA) and
Rep. Paul Ryan (R-WI) – tried to strike a positive tone after their first
meeting. 

They face a Dec 13th deadline for reporting back to Congress, with
the goal to produce a final budget top-line number for the current fiscal year
so that final spending bills can be worked out before funding runs out again on
Jan 15th.