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2016-11-14 — wsj.com
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Budget battles [under Obama] frequently lasted until the 11th hour, stoking fears that U.S. Treasury bonds could go unpaid. In 2013, the battles shut down the government for more than two weeks. "Now that Republicans are in control, there's no concern about debt and deficits," said Steven Blitz, chief economist at Pangea Market Advisory. Earlier this year, Mr. Blitz feared the economy could easily tip into recession but said a combination of tax cuts and rising spending would reduce that risk.
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