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Surveillance: Levitt on Fed's path forward
Bloomberg Surveillance
The Democrats Are Going to Show Up as Well
There is a big vote tonight in the House Rules Committee. I think that Evan McCarthy will prevail, but I think this thing drags on because of Lindsey Graham and others into next week. And it probably gets right up until June 5th. If we hit the deadline, the Treasury can sell bonds out of the Highway Trust Fund or Social Security Trust Fund to pay them back later. So I think it's highly unlikely that we would see a default.
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