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US markets and the federal government have the day off to commemorate Martin Luther King Jr Day. Congress and the White House need to agree on raising the country’s debt ceiling with the GOP planning to use the critical negotiations to avoid default to cut spending on major programs. So far Wall Street is brushing off the looming brinksmanship between the parties.
Meanwhile, in the Swiss mountain resort town of Davod the World Economic Forum returns in full form after a 3-year hiatus. The event that epitomizes the global economic order will bring together business and world leaders as well as economists for high-minded discussions over the next five days on the future of the world economy.
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