Wednesday, October 2, 2013

Wall Street CEOs urge Obama for government shutdown solution

JP Morgan Chase CEO Jamie Dimon and nearly a dozen other Wall Street bankers met with President Obama on Wednesday to discuss possible solutions to the government shutdown. If Congress fails to come to a deal on how to fund the federal government, the US Treasury will exceed its borrowing limit which translates into the government not being able to pay its obligations. Bart Naylor, a financial policy advocate for Public Citizen, gives us his take on Wall Street's role in the government shutdown.


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