Negotiating in D.C.: Just Say No

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Playing a recurring game of chicken on the budget highway is the new negotiation tactic in Washington D.C. If given the chance, Republicans are expected to repeatedly threaten debt default- on short term deadlines- to extract from the President what they want- say analysts. It is daring, dangerous and potentially destructive. And it's worth a shot says Mizuho Securities Chief Economist Steven Ricchiuto: