The cause and effect of the debt ceiling

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L.A.'s Morning News: Phil Hulett and Penny Griego
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The government shutdown entered its second week with no end in sight and ominous signs that the United States was closer to the first default in the nation’s history. As you can imagine, all of this has Wall Street nervous.

Penny and Phil spoke with John Lonski, who is the Chief Economist at Moody’s Capital Market Research about this:

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