American Morning

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July 13th, 2011
10:27 AM ET

How the debt talks are affecting small businesses and why they're not hiring

Calling it a Main Street rather than a Wall Street issue, business groups and investors warned the White House yesterday that lawmakers need to act quickly to raise the debt ceiling.

The Business Roundtable sent a letter to lawmakers saying that a failure to raise the debt limit would cause widespread fallout in the global financial markets and raise the costs of financing mortgages, auto loans, credit cards and student loans.

David Martin, President of Home Style Foods and Clint Greenleaf, Chairman and CEO of Greenleaf Book Group, join Ali Velshi today to discuss the budget debate and to explain how their hiring and expansion decisions have been influenced by the negotiations.

Filed under: Business • Debt • Debt ceiling • Deficit
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