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Washington may have temporarily averted the debt ceiling disaster, but in the eyes of Wall Street, the debt ceiling still poses a great danger to the world economy during a time of such great fiscal austerity.
The Bipartisan Policy Center hosted a distinguished panel of financial market experts, Wall Street investors and opinion makers to discuss various aspects surrounding the debt ceiling debate and how it complicates fiscal issues around the world. The panel debated the market consequences and practical financial impacts that will result from defaulting, and they also evaluated the effects that government inaction will have on the domestic and global economy at large.