U.S. financial stability group discusses debt ceiling, shutdown

Reuters

WASHINGTON, Oct 8 (Reuters) - The U.S. Financial StabilityOversight Council held a phone call on Tuesday to discuss thefederal debt ceiling and the effect of the government shutdownon market monitoring, Treasury Department spokesman AnthonyColey said in a statement.

The council, which is led by Treasury Secretary Jack Lew, isa group of regulators charged with overseeing U.S. financialsystem stability. The Treasury Department expects to exhaust itsborrowing authority by Oct. 17, but the U.S. Congress so far hasnot raised the debt limit.

The group also discussed the effect of the week-old federalshutdown on market monitoring by the Commodity Futures TradingCommission and the Securities and Exchange Commission. Mostother financial regulators have not been affected by theshutdown.

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