Compromise Deal Made; Treasurys Are ‘Toxic Asset’, Rating Downgrade Still Possible


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Republican and Democratic Congressional leaders are indicating they have agreed to a compromise debt ceiling deal with the White House. The framework of the deal includes $1 in cuts for every dollar raised in the debt ceiling; no new taxes; and no more votes on the debt ceiling until after the 2012 election.
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Weidemer: U.S. Treasurys Are ‘Toxic Asset,’ Rating Downgrade Still Likely

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