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Regional News

Interest Rates Could Rise


If Congress can't reach agreement and the debt ceiling isn't increased, the U.S. could default on its loans, and that would cause interest rates to go up. Ryan Deckert, President of the Oregon Business Association, says that uncertainty would cause consumers to stop spending and companies would stop hiring. The gains from the economic recovery would be lost and Deckert says there's a good chance the economy would fall back into recession. 

 

 

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