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Failure to hike debt limit would be ‘more catastropic’ than Lehman collapse, says S&P

AUGUST 31, 2017 | MARKETWATCH

By Sunny Oh, includes “…S&P said the “butterfly effect” of a government stoppage could have a broader impact on the overall economy, with the closure of national parks, disrupted business for private companies relying on public contracts, and a potential fall in retail sales. Their estimate was based on the 16-day shutdown in October 2013 and the one-month shutdown in 1995-1996. …”

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