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As debt-limit deadline nears, investors show growing concern about a U.S. default.
Neither the shutdown nor the debt limit deadline, as Moody's confirms, ever posed any real threat of default.
And that was the price tag for a crisis in which the debt-limit deadline was eventually met.
Obama has until Nov. 3 to sign the agreement before the debt-limit deadline set by the Treasury Department.
It shows that 54 percent of all Republicans (and 64 percent of Tea Partiers) believe the country can go past the debt-limit deadline without causing major problems.
The debt-limit deadline was four days away and the two sides were as far apart as ever, no compromise in sight.
A Pew Research Center report issued Monday found that most Republicans believe that we can go past the debt limit deadline without major problems.
With the nation edging closer to the debt limit deadline, the President retreated behind the poll-tested rhetoric of class warfare.
A similar bill passed the House ahead of a 2013 debt-limit deadline but was not taken up by the Democratic leaders in the Senate.
Full statement here: Moody's: Debt limit deadline not likely to affect US government's Aaa rating 2.12pm GMT Moody's latest on US triple A rating Meanwhile Moody's has said that the US debt limit deadline - which is fast approaching - was not likely to affect the government's AAA rating.
As we get closer to the debt limit deadline, the president will be under huge pressure to cave in if he believes that the Republicans are just crazy enough to put the country's well-being in jeopardy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com