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From the Fiscal Frying Pan Into the Debt Ceiling Fire
Until Federal Reserve Board Chairman Ben Bernanke raised concern about it in a speech last week to the Economic Club of New York   the fact that the Treasury will once again hit the debt ceiling in a few months has received scant attention from Congress the White House and the financial markets. A little more than a year ago Washington was caught up in a suspenseful political drama as President Obama and House and Senate Republican leaders fought over the terms of raising the national debt limit to avoid the Treasury’s first default on borrowing in U.S. history. Republican House Speaker ...
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