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Introducing The Headlines: May 22
The Daily
The Economic Damage of the Debt Limit Standoff
Ben Castleman: We may start to feel the economic damage from this standoff well before we actually reach that point and default on any of our obligations. There are a few ways that this damage could be done, he says. The stock market fall modestly on Friday when talks fell apart; so far, that impact has been pretty modest. But if we get closer and we start to really look like there might not be a deal, you could see a much bigger drop in the stock market.
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