MacroVoices #371 Larry McDonald: Fed Will Be Forced To Cut By The End Of The Year
Macro Voices
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The Federal Government's Balance of Payments
The Obama team, I think, worked behind the scenes with the rating agencies and the rating agencies really pushed hard on the Republicans. And that probably happened sometime in July as it did in 2011. As they start to have to pick and choose where they're going to have to default, that's where the rating agencies will try to enforce some muscle on the GOP.
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