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Route Fifty: ‘Catastrophic Financially.’ What It Means for Cities If the Debt Ceiling Isn’t Raised

02/21/2023

“Going over the debt ceiling cliff would be catastrophic financially,” said, Tom Kozlik, head of public policy and municipal strategy at HilltopSecurities, noting that cities would likely see their municipal bond ratings go down and investors may then be forced to ask for significant premiums or interest rates.

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