Fails to Pick Up Steam.

Summary


We don't need to wait until Aug. 2 to find out what effect a failure to agree on raising the debt ceiling will have - it's already happening.

Uncertainty over what Congress and the president will do or not do is throwing cold water on an economic recovery that is already losing steam.

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Extract


Fails to Pick Up Steam.

Even without a government default or a downgrade in the nation's bond rating, serious uncertainty has been s...

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