Volcker Says U.S. May Miss Bills Due to Debt Limit

Volcker Says U.S. May Miss Bills Due to Debt Limit Play

July 14 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker talks with Bloomberg's Maryam Nemazee about negotiations between lawmakers on whether to raise the U.S. debt ceiling. Volcker says the U.S. may miss paying some bills on time due to the political stalemate. Volcker also discusses monetary policy, U.S. regulation of the financial industry and Europe's sovereign debt crisis. (Source: Bloomberg)

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