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Investors Are Edgy Over Possible Government Default, CAQ Says

Tammy Whitehouse | October 9, 2013

Investors are getting very nervous about what will happen if the U.S. government defaults on its debt, according to the Center for Audit Quality.

The CAQ's annual survey of “Main Street” investors, conducted before the partial government shutdown over the lingering budget dispute, found 69 percent of investors are generally confident in U.S. capital markets. In a follow-up poll, however, the CAQ found the shutdown is eroding confidence. Investors say if the shutdown leads to a default, only 39 percent will continue to have confidence in capital markets.

Cindy Fornelli, executive director of the CAQ, points out that in the seven years CAQ has performed the annual survey, confidence has never fallen below 60...

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