Asian shares mostly rise after House approves debt ceiling deal

One more market risk removed = positive!

Key is no more Govt. spending crazy driving global inflation monster, need to tighten the belt a notch!

The US runs through this predictable scenario all the time and the outcome is just more debt

There was never any risk of default, and news agencies who use that term were being disingenuous. The federal government would have continued collecting revenue and paying its bills, and when cash ran short, it would begin delaying payments for less essential expenses. The entire debt-ceiling debacle was a charade engineered by politicians in both parties to wrangle funding for their own particular interests. The sky-high debt incurred by America causes repercussions around the world, distorting markets, and harming everyone except the politically-connected.