During June and July, Washington was consumed by the theatrical negotiations among our government leaders in their efforts to avert defaulting on the nation’s debts on August 2. The size and timing of the spending cuts and a pitched battle over tax increases as part of the package have created major political challenges in achieving a solution. Most members of Congress, however, have a clear determination that a solution must be achieved, because the ramifications of inaction will negatively impact our nation and every citizen in a significant way.
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