Heard on the Street: Will markets need to start sounding alarm bells for Washington to reach a debt-ceiling deal?
ShareAs Democrats and Republicans debate raising the debt ceiling, they both agree that a default would be disastrous for the economy. But how? Photo Illustration: Madeline Marshall
Nothing focuses politicians’ minds on cutting deals like cratering financial markets. And nothing stays investors’ hands from hitting the sell button like a belief that an 11th hour deal will be struck.
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