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Economics

Is U.S. Political Bubble About to Burst?

Oct. 10 (Bloomberg) -- The markets shuddered slightly as the debt ceiling neared. The yield on short-term Treasuries has risen tenfold. Fidelity Investments sold off its short-term government debt.

But the shudder was slight -- and today saw a relief rally in equities on news that House Republicans might agree to suspend the debt ceiling for six weeks in order to spend more time with their shutdown.