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Lawmakers Tout Progress While Debt Ceiling Clock Ticks


The markets have focused this morning on comments by House Representative Michael McCaul who claims party leaders are getting close to a debt ceiling deal and that it's now down to the details. Speaker Kevin McCarthy acknowledged that not everyone will be happy with the agreement, but that negotiators have been instructed to work around the clock until the work is complete. With just seven days before Treasury Secretary Yellen’s “X-date,” the time remaining to write, review and vote on an agreement is now stretched to the limit.

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