By Russell Berman – The can cannot be kicked down the road again. The deadline cannot be delayed. It’s now or … well, no one wants to contemplate what happens if there’s no sign of a debt-reduction deal by July 4. The dollar or capital markets, or both, could explode.
Both sides appear to recognize that the biggest hurdle will be persuading each party’s rank-and-file to accept whatever agreement the negotiators reach. Some conservatives adamantly oppose any increase in the debt limit, and those that are open to a deal have a long list of demands. more> http://is.gd/heInvj
related>
- Will an agreement be reached before the final-final deadline, Aug 2nd? Why agreement not possible before the final-final deadline? LinkedIn Discussion
- Debt Challenge Makes for Two Lonely Republicans, Julie Hirschfeld Davis, BusinessWeek
- White House adviser gets into squabble with debt panel chairman, Erik Wasson, Hill
- White House wants business to aid in debt cap fight, Rachelle Younglai, Reuters
- What a US Default, Downgrade Might Look Like, Kenneth Rapoza, Forbes
- Sputtering economy could complicate debt talks, Andy Sullivan, Reuters
