Tick, tick: Time’s up on debt limit

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



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