2011-07-31nytimes.com

``Wall Street is no longer watching from the sidelines as the most polarizing political fight in years plays out on Capitol Hill. In the last few days, top executives have been in close contact with Washington in a last-ditch attempt to prod lawmakers toward a compromise by Tuesday, the administration's deadline to reach a deal.'' -- Likely many on Wall Street will be decimated if Treasurys crash, and many derivatives will explode if there is a default.



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