If The U.S. Avoids A Debt Ceiling Disaster, You May Want To Thank Main Street, Not Wall Street
If the country avoids breaching the debt limit in the next few months, you may not have Wall Street volatility to thank. Or even respected conservative economists who are struggling to convince House Republicans to extend the federal government’s ability to borrow. Instead look to Main Street.
A late April survey of small business owners by Goldman Sachs found that 90% think it is important that the federal government doesn’t default on its debt and two-thirds say their own businesses would be hurt if it does.
A separate CNBC poll...