Siegel: European Debt Crisis Trumps U.S. Debt Debate

In his weekly commentary on the markets, Wharton Professor Jeremy Siegel opines that a temporary U.S. debt ceiling deal will likely be negotiated before August 3.  However, he believes that it is "very unlikely" that a broad-based plan to curb the deficit will be enacted by the deadline.

Alternatively, Siegel states that the European debt crisis is the most important issue for the U.S. financial markets. Click here for his one-page commentary.