Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
More relieved than satisfied, markets will shift attention from Washington to the sluggish U.S. economy and Europe's debt problems.
If the crisis over the debt ceiling is resolved, stocks should see a relief rally that could be short-lived as investors turn to the weak economy and a possible U.S. credit downgrade.
The outcome and consequences of Washington's deficit-reduction efforts are as yet unknown, but what is clear is the heavy calendar of economic reports in the week ahead will have consequences of its own.
The U.S. Treasury plans to hold auctions Monday for slightly more than $50 billion in 3- and 6-month bills, officials told primary dealers in New York Friday.
Thousands of layoffs were announced in just the past week, and that trend could continue if economic growth does not start to pick up speed.
Washington's political feuding over the deficit has damaged business and consumer sentiment, but now some economists are wondering if it will curb third-quarter growth.
The debt feud will likely continue to take its toll on markets Thursday, as the deadline to raise the debt ceiling closes in and lawmakers are still far apart.
Washington's political paralysis around critical debt and budgetary issues will most certainly weigh on financial markets Wednesday.
Stocks may continue to retest January's lows Friday, as traders await January retail sales and consumer sentiment.
Check out the companies making headlines after the bell Thursday: CBS, Pandora, Twitter, FireEye and more.
There are several signs we are seeing somewhat more aggressive buyback announcements than usual.
Global markets are just plain scared but perhaps the biggest fear is the world's central banks are no longer able to rescue them.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
Senior Producer - Breaking News
Dominic Chu is a markets reporter for CNBC.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.