Debt Debate Will Be 'Cathartic' in Long Term: McCulley
July 29, 2011 at 10:32 AM EDT
Paul McCulley told CNBC Friday that if he was still a portfolio manager at Pimco he would be "very concerned" in the short term about the inability of Congress and President Obama to reach an agreement on the debt ceiling by Aug. 2. But in the long term, McCulley said, "it wouldn't disturb me, it would actually make me somewhat positive."
