BOSTON ( TheStreet) -- Many Americans are relieved, though angered, that Congress worked out an 11th-hour deal so the world's largest economy avoids defaulting on its debt.But the situation is even worse than they may have feared. After legislators stop playing political games with the nation's debt limit, they will face calls to revive the economy, which has slowed dramatically. Restricting borrowing and raising taxes, which is likely, will put an even larger damper on the economy.
Fearful Americans Hoard Bonds, Dividends
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