Leibowitz: The Debt Ceiling Deal and Trade

The debt ceiling deal passed by Congress has averted either an economic catastrophe or a minor headache, depending on who you talk to. It’s more likely that a pretty serious catastrophe was averted. But there was, in my view, never a serious chance that the US would default on its sovereign debt. More likely, some Social Security checks and other government promises would have been delayed. Nevertheless, it is better to be sure about the US paying its bills than worrying about who gets stiffed or has to wait.

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Lewis Leibowitz

Lewis Leibowitz, owner of the Law Office of Lewis E. Leibowitz, practices in the areas of international trade law, customs law, and international commercial transactions. He represents clients before all federal courts and agencies dealing with international trade matters. Mr. Leibowitz advises and assists clients in diverse matters including trade remedies, customs, foreign-trade zones and free trade agreements, trade negotiations, and related matters. He can be reached at lewis.leibowitz@lellawoffice.com.

Lewis Leibowitz

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