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Financial chaos would, presumably, eventually lead to some compromise in Washington. However, this might not occur soon enough to prevent a recession and could leave some lasting scars, including a permanent increase in the cost of funding U.S. federal debt.

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    Quiz

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    Who said: "The art of leadership is saying no, not yes – it’s very easy to say yes.’"?
    A Franklin Delano Roosevelt
    B Mao Tse-Tung
    C Tony Blair
    D Donald Trump