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A quick, obvious, and critical point: Assuming that all the reports are correct, and that a Fiscal Cliff has been agreed to, we now have a much bigger “Cliff” to deal with.The agreement today puts a 2-month extension on the “Sequester” part of the deal (meaning a delay in the spending cuts). Coincidentally, that almost perfectly aligns with when we hit the debt ceiling next.
And GOP has already promised a “bigger” battle on the debt ceiling.
So sequester + debt ceiling. Here we go.
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