Wall Street Warns Against Temporary US Budget Fix
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Investors and ratings agencies would balk at another temporary raising of the U.S. government’s debt ceiling to buy lawmakers more time to resolve their deep conflicts over how to lower the U.S. budget deficit.
It would weaken the U.S. dollar and push up Treasury yields, money managers said. For ratings agency Moody’s, it would also raise further questions about the ability of lawmakers to come up with a comprehensive plan to tackle the debt problem.
Market strategists increasingly fear that weeks of
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