Goolsbee — having witnessed 2011's debt standoff as the Council of Economic Advisers' former chairman — noted that even a last-second deal severely risks hurting consumer confidence, which could stir doubt in US Treasurys.
"Let us hope they can just get past this and raise the debt ceiling, so this isn't a self-inflicted wound of the most grievous kind," he said.have risen drastically as investors are less willing to buy Treasurys that would mature around a possible default date.
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