With Congress facing an Aug. 2 deadline to raise the federal debt ceiling and the threat of a U.S. default looming, municipal market professionals are concerned about possible long-term credit affects stemming from the would-be solution crafted by Republicans and the White House to resolve the deficit crisis.

While experts agree there is a lot of uncertainty and few answers as to how and when the impasse will be resolved, they are somewhat divided over how the dilemma is currently affecting investors’ behavior and trading activity.

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