Is U.S. Political Bubble About to Burst?
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Oct. 10 (Bloomberg) -- The markets shuddered slightly asthe debt ceiling neared. The yield on short-term Treasuries hasrisen tenfold. Fidelity Investments sold off its short-termgovernment debt.
But the shudder was slight -- and today saw a relief rallyin equities on news that House Republicans might agree tosuspend the debt ceiling for six weeks in order to spend moretime with their shutdown.