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How Wilmington's Live Oak navigated the U.S. banking crisis charlotteobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from charlotteobserver.com Daily Mail and Mail on Sunday newspapers.
Even if the debt limit were increased today, the uncertainty created by the impending debt ceiling deadline has already raised the cost of borrowing and is impeding some hiring and investment. Moreover, an agreement will probably entail some decline in government spending, which will worsen an economic slowdown (which we predict to be on its way).