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The Debt Ceiling Approaches | Joseph Wang & Dominique Dwor-Frecaut
Forward Guidance
The US Debt Ceiling and the Debt Limits
Dominique Strauss-Kahn: People are panicking about the wrong things. He says there is a good chance that government will hit x-date, when not enough cash in treasury accounts at Fed to pay for bills. But he says it's more likely that it won't happen because of polarized U.S. politics. Strahan: Treasury going to prioritize interest payments over non-debt service payments as cash becomes available.
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