Rating agencies raise the alarm on US debt ceiling
Failure by Congress to raise the ceiling on US government debt could potentially be “more catastrophic” than the failure of Lehman Brothers, according to S&P Global. Rival rating agencies Fitch and Moody’s also warned that the triple-A rating of the US could be at risk. (FT)

Vanguard backs climate change resolutions
Vanguard has this year voted against climate-risk disclosures made by US oil companies Exxon Mobil and Occidental Petroleum that fell short of investor expectations. This marks the first time the $4.5tn global fund house has supported shareholder resolutions against climate-related policies of companies. (FT)