Wall Street & the Debt Crisis

How does Wall Street feel about the competing debt hike plans? It doesn't really matter says Charles Payne of WStreet.com.

Wall Street's stark message to President Barack Obama on Thursday was that failure to end the war between Democrats and Republicans over US debt would smash business confidence, cripple the economy and send financial markets plunging.

Chief executives of all the major banks wrote to the White House warning that a continued deadlock over raising the debt ceiling "would be very grave."