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US Investors Still Believe Deal on Debt Ceiling Possible

Monday, 25 Jul 2011 | 5:20 AM ET

Investor's "underlying bias is that Congress - both the house and the senate -will be able to come together on a deal [on the debt ceiling] and they¿re going to keep an eye on what the ratings agencies say about that deal so it could be a little bit bumpy this week," Tony Fratto, managing director at Hamilton Place Strategies told CNBC. But he added investors were take the word of leaders here that they don¿t¿ want to risk a default.