And in the U.S., the extended and unresolved fiscal crisis and now the debt ceiling will impact global risk appetite for corporate and portfolio investors.

FORBES: For Fitch's Global Credit Ratings, It's Prognosis Negative

We are also the global leader in the manufacture of ceiling suspension systems and are recognized as the premier acoustical panel and specialty ceiling systems innovator.

FORBES: Champions of CSR: Al Zucco of USG and John Kim of Herman Miller

The first issue that could undermine a global economic recovery is the US deficit and debt ceiling debate between Republicans and Democrats.

FORBES: Commodities to Soften as Global Economy Weakens

The debt-ceiling distraction now behind us, the real global economic story shifts to currencies.

FORBES: Here Come the Currency Battles

Conversely, I think raising the debt ceiling before the deadline would give the US and global stock markets quite a boost.

FORBES: The Week Ahead: For Stocks, The Debt Ceiling's the Limit

But it is telling that even after the debt-ceiling debate and the credit-rating downgrade, global investors remain happy to buy American debt because they still see America as a haven in a troubled world.

ECONOMIST: Lexington

Global investors are digesting the potential signs that a U.S. debt ceiling compromise may be in the offing.

FORBES: Move up http://i.forbesimg.com t Move down

By Monday, the grand bargain was dead, House Republicans and Senate Democrats were scrambling to put together rival bills, and all the available options for resolving the debt ceiling increase would have negative impacts directly for the US economy, and indirectly on the global economy.

FORBES: Tech Market Forecast Awaits Federal Debt Ceiling Outcome

So the fact is, Congress should simply extend the debt ceiling, and do so in a manner that causes no concern to the economy and to global markets, that does not in any way suggest that Washington is about to engage in another process that results in a self-inflicted wound to the economy.

WHITEHOUSE: Press Briefing