Debt Ceiling Delay May Blacken Black Friday

wochit business
October 10, 2013 AT 11:32 AM
Retailers are already busy as beavers planning their Black Friday promotions?for November 28th. But guess what else might arrive on November 28th? Default on the sovereign debt of the United States of America! This could put a bit?of a damper on the Black Friday festivities. According to Washington Post, the GOP is going to propose a six-week extension on the debt ceiling talks. That would push the debt ceiling breach deadline from October 17th to the end of November. Would the default really slow down the frenzy of fighting over $20 toasters and $149 tablets? It just might. According to Gallup's Economic Confidence?Index, the American consumer confidence tanked from -20 to -35 after the government shutdown started and has not