Financial firms fear turmoil over fraught US debt ceiling talks
Bankers, investors raise fears deal may not be done in time; trade groups have begun contingency planning
Washington
FINANCIAL firms are sounding alarm bells and dusting off contingency plans over fears an increasingly dysfunctional US Congress may fail to reach a deal to raise the country's debt limit.
Several lobbyists, representing dozens of bankers, investors and credit rating agencies, told Reuters they are worried that dynamics at play in Washington - a bitterly divided Republican party and unpredictable President Donald Trump - could rule out a deal before an October deadline.
