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Monday, January 7, 2013


Back From The Brink – Not

The patchwork legislation signed into law last week leaves more work for the newly-sworn-in 113th Congress – or its successors. Tax increases have been spread across the economic spectrum, but the issue of the $16.4 trillion debt ceiling is still out there, having gone unaddressed in the new law. The government now has about two months to allocate money to stay within the debt limit before the debt ceiling turns into the next fiscal policy crisis.

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