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With America now perilously close to default, here's where I sense we stand. My observations may be off as I have only had a brief time in Washington to take measure, but let me give it my best shot. First off, the good news: The next several days are likely to be tortuous, but odds are shifting now in favor of a resolution that will prevent default.


Gergen, David. "Is Washington Slouching Toward a Solution?", July 26, 2011.