Designed by celebrated architect Rafael Vinoly, the home features floor-to-ceiling windows that look out to the Belgium block courtyard surrounding the main house.

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It would be nice if the proponents of reducing the deficits and the debt could achieve those essential goals by threatening to block an increase in the debt ceiling.

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If in the process of preserving those cash flows, the politicians who get them block the raising of the debt ceiling, we could experience a sell-off in U.S. government securities which would raise interest rates here and could put the brakes on economic growth globally.

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Even with current debt ceiling negotiations and some market participants fearing it will bring the tax exempt status back on the chopping block, it remains highly unlikely that anything will change, given the dire straits some localities and states are in, the impact to public services and the dent it would make to the Federal deficit.

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