WASHINGTON, DC-Leaving themselves no wiggle room in the schedule, Congress hopes to rush a deal to raise the debt ceiling across the finish line on Monday, in time for the Aug 2 deadline. The legislation is based on a compromise brokered between President Obama and Democratic and Republican leaders in Congress. All that remains--and it is a big hurdle--is to get the vote through Congress. Both the liberal and conservative wings of the Democratic and Republican parties, respectively, have decried some of the provisions.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
