Should Wall Street be panicking more?

09/26/2013 | Washington Post (tiered subscription model), The

Various measures of market volatility suggest that Wall Street isn't too worried about the latest fiscal crisis, apparently because investors believe lawmakers will raise the debt limit on time. Ironically, that lessens the pressure on lawmakers to actually pass the legislation investors are counting on, writes Neil Irwin. "There will be a deal, because there must be a deal. The question is how much drama will need to come from Wall Street to help bring one," he writes.

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