New York CNN —Many on Wall Street cheered last fall when the midterm elections ushered in a return of divided government in Washington. But the historic dysfunction playing out in Congress this week is a reminder that you should be careful what you wish for. Buckle up for debt ceiling brinksmanshipBut lawmakers did not agree to tackle the debt ceiling, the borrowing limit that must be raised to avoid a calamitous US debt default. In the past, brinksmanship over the debt ceiling eventually gave way to a compromise, though often not until significant pressure was applied by business leaders, financial markets — or both. Andrew Frankel, co-president of Stuart Frankel, dismissed the House speaker race as a “big, fat nothing-burger” for the market and said it was “just noise.”“It’s all about the Fed,” Frankel said.

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