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interest rate spike

Debt Ceiling Debate & The Housing Market

Two Scenarios, One Result With the deadline to raise the federal debt ceiling looming, one of two outcomes appears likely: One.  “The band-aid” solution  (also known as “kicking the can down the road”). Under this scenario, Congress and President Obama reach some cosmetic, convoluted compromise that essentially buys (more) time. Two.  The two parties’ philosophical differences...
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