# Prof. Aswath Damodaran discusses the debt ceiling and the strength of the American dollar

1 Faculty News October 18, 2013 ![CNNMoney logo](/sites/default/files/styles/246w/public/assets/images/con_030743.jpg?itok=5lrpsukl)>

Excerpt from [CNNMoney](http://money.cnn.com/2013/10/18/investing/default-dollar-treasuries/index.html) -- "[Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), a professor of finance at NYU, thinks Congress's latest deliberations over the debt ceiling didn't change anything for the dollar or U.S. bonds."

[Read more](http://money.cnn.com/2013/10/18/investing/default-dollar-treasuries/index.html)