But to circle back around to my main point, the press has put on an excellent show today covering a critical nexus of the government and economy. It’s going to be a months- and years-long story.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.