The Debt Ceiling May NOT be the Big Economic Threat
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January 17, 2013 - 8:26pm
Econintersect: Much attention has been focussed on the economic impacts of the fiscal cliff tax legislation and the imminent debt ceiling debate, but a number of sources mentioned by Business Insider are suggesting that the big economic threat is not receiving the attention it deserves. These sources believe the big threat comes from the sequester provisions of the 2011 legislation that was authorized by the last debt ceiling deal. The fiscal cliff tax deal punted the resolution of the sequester provisions into March. Sources mentioned by BI are Alex Phillips of Goldman Sachs, Sean West of Eurasia Group and Jan Hatzius.
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