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Bloomberg Wall Street Week - May 12th, 2023

Wall Street Week

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The Uncertainty of the Debt Ceiling Situation

We are in uncharted, complicated waters, starting with obviously the debt ceiling. And whether you think we're in a slowdown or something more severe in the coming months, I happen to be in a slowdown camp. There's a lot of resiliency that we don't account for. But that uncertainty clearly is an issue when you think about doing a transaction.

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