In this month’s issue of The Real Economy, RSM Chief Economist Joe Brusuelas looks at the growing standoff over raising the nation's debt ceiling, and what it means for America's real economy.
Already, middle market businesses and consumers are paying a price in the form of higher credit costs. If the standoff turns into a full-blown crisis, though, the costs to the middle market and the economy as a whole will skyrocket, Brusuelas writes. It’s a political stalemate that is in no one’s best interests.
