Wall Street: speak on debt ceiling debacle

The short-term fix agreed by Congress pushes the debt-ceiling debate closer to mid-term elections, giving financial institutions an opportunity to influence a deal.
John Boehner, the Republican House speaker.
John Boehner, the Republican House speaker.

Everyone is breathing a sigh of relief that the Republican effort to extort political gains from President Obama by threatening the full faith and credit of the US has failed.

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