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SAN ANTONIO – A former Cabinet official and leading bank advisor told attendees today at PCSU Financial Service’s 2011 Conference that the serious fiscal problems facing the U.S. meant that a bid to roll back the cap on debit interchange is almost sure to fail.

“In light of the problems I have described, I think any political move that has any measure of controversy whatsoever will face a very high threshold, “ said Peter Orszag, former director of the Office of Management and Budget and current vice chairman of the Institutional Clients Group at Citigroup Inc.

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