BANGKOK (AP) - Asian stock markets fell Wednesday ahead of a U.S. vote on raising the nation's borrowing limit.
Analysts said that stock markets have room for gains if U.S. lawmakers make progress on raising the debt ceiling. The House is set to vote on a motion to increase the nation's $16.4 trillion borrowing authority for three months.
Without congressional action, the Treasury sometime in late February or early March will not have enough money to pay for all of its obligations, creating the possibility of a first-ever default on the government's debts.
The price of oil fell Wednesday. The dollar was up against the euro but fell against the yen.
First Coast News