Stocks, Treasuries, Dollar Slump on Debt Impasse

The impasse in Washington between the White House and congressional Republicans over ways to lift the U.S. debt limit and cut federal spending is once again rattling the financial markets.
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/119316631.jpg" alt="BLANK CHECKS: Blank U.S. Treasury checks run through a printer at the U.S. Treasury facility in Philadelphia, Pa. Leaders in Washington must reach a deal to raise the borrowing limit by Aug. 2, or the nation may not be able to pay its bills, according to the U.S. Treasury. (William Thomas Cain/Getty Images)" title="BLANK CHECKS: Blank U.S. Treasury checks run through a printer at the U.S. Treasury facility in Philadelphia, Pa. Leaders in Washington must reach a deal to raise the borrowing limit by Aug. 2, or the nation may not be able to pay its bills, according to the U.S. Treasury. (William Thomas Cain/Getty Images)" width="575" class="size-medium wp-image-1800348"/></a>
BLANK CHECKS: Blank U.S. Treasury checks run through a printer at the U.S. Treasury facility in Philadelphia, Pa. Leaders in Washington must reach a deal to raise the borrowing limit by Aug. 2, or the nation may not be able to pay its bills, according to the U.S. Treasury. (William Thomas Cain/Getty Images)
Frank Yu
Frank Yu
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