Wall Street urges immediate action on U.S. debt ceiling

07/27/2011 | Los Angeles Times (tiered subscription model)

Wall Street decided it can no longer ignore the possibility of a U.S. debt default. Financial executives are becoming more vocal in their warnings to Washington, while traders are canceling vacations to be at their desks Tuesday, the deadline for raising the debt limit. The Financial Services Roundtable and the U.S. Chamber of Commerce called on Congress to take action.

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