Debate over raising debt ceiling plays with explosives, says Wall Street
The Hill
April 12, 2011
Wall Street is getting used to high drama in Congress, but the fight over raising the debt limit will test even that seasoned resolve.
If Wall Street saw the fight over legislation to fund the government as playing with matches, it sees the fight over the debt ceiling as playing with plastic explosives, said Steve Bell, a former staff director with the Senate Budget Committee.
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Infographic
Based on the housing industry’s average share of Gross Domestic Product (GDP) from 1980 to 2007, the infographic illustrates that 2.3 percent or $350 billion is “missing” in potential growth.
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