Waters lines up panel on default consequences

Congress and the White House are working toward a deal that would reopen the federal government and raise the debt ceiling but, so far, no agreement has been inked. 

Waters has managed to gather a group of experts who have been out front of the debate, warning policymakers about the potentially devastating consequences of failing to raise the debt limit before Thursday. 

They include Jim Chessen, of the American Bankers Association; Scott Talbott, of the Financial Services Roundtable; Rob Toomey, with the Securities Industry and Financial Markets Association; Marie Cavanaugh, of Standard & Poor’s; Mike Williams, with the American Securitization Forum; and a representative from the AFL-CIO.