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Jane Foley on US debt ceiling impasse

PUBLISHED ON: October 14, 2013 | Duration: 5 min, 53 sec

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Fourteen days into the US government shutdown and three days before the country is expected to reach its borrowing limit unless lawmakers break a stalemate and raise the nation's debt ceiling. On Sunday, Senate Republicans and Democrats continued attempts to find a way to break the fiscal impasse between the Republican-led House and President Barack Obama. Emerging market economies could bear the brunt in case of worst case scenario, tells Rabobank senior strategist Jane Foley.
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