American corporations and households are tidying up their debt to get their financial house in order.

Now all they need to get back into the game and stabilize the equity markets are strong signs that the federal government is willing to tackle its own debt and tax issues, Ed Keon, managing director and portfolio manager of Quantitative Management Associates said during Prudential Financial’s 2010 Midyear Outlook presentation on Tuesday. QMA is a subsidiary of Prudential Financial, based in Newark, N.J.

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