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Obama Privately tells Banks: U.S. Not Defaulting

By Charlie Gasparino Fox Business July 26, 2011 While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn’t raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen, FOX Business has learned. In a series of phone calls, administration officials have told bankers that the administration will ...Read full article...