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US Debt Default Would Have Global Impact

With the U.S. government shutdown in its second week and the possibility of an American debt default next week, the global economy is beginning to feel the effects. The action, or lack of action, on the U.S. government’s funding crisis is in Washington, but concern about it spans the globe.  One financial market indicator known as the "fear index" jumped 15% on Monday alone. But while the headlines look ominous, London-based Wall Street Journal reporter Charles Forelle noted ...

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