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My top 10 things to watch Tuesday, May 1. White House debt ceiling meeting Tuesday. President Joe Biden and House Speaker Kevin McCarthy. There will be an acknowledgment only that there’s no deal. Some progress is being made but no sign of a recognition of the pending catastrophe. The nation’s borrowing limit must be raised by early June or risk historic default. The debt ceiling fight in 2011: It was finally raised then but the stock market suffered while Washington bickered. 2. Banks on the red hot griddle again; led by Charles Schwab (SCHW), which remains quizzical given the size…
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