Peterson said energy legislation should be the priority for Congress and said he hopes the group can yield a comprehensive plan next week.

CNN: 'Two oil men' to blame for high gas prices, Pelosi says

Peterson said energy legislation should be the top priority for Congress and said he hopes the group can yield a comprehensive plan next week.

CNN: Lawmakers seek oil-drilling compromise

But in my discussions with Matt Philo, head of MacKay Shields High Yield Group and a longtime investor in both high-yield bonds and loans, we concluded that generalizing is often difficult to do in the investment business.

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