This vote, based on legislation I’ve introduced, will and must fail
—Representative Dave Camp, Republican of Michigan and chairman of the Ways and Means Committe: via NYT
Wall Street is in on the joke
—R. Bruce Josten, executive vice president of the U.S. Chamber of Commerce
The practical ramifications of it are dramatic…you’re going to run down the road where the rating agencies are going to have to react, the Fed is going to have to make a set of decisions, international investors are going to have to interpret what this means, and you could functionally have a self-fulfilling prophecy in terms of the risk while not actually having a default…That is such a dangerous path to go down.
—Rick Rieder, Managing Director and CIO, BlackRock, suggesting Wall Street might not be in on the joke: via NYT