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America Set to Hit Its Borrowing Limit Today, Raising Economic Fears
Posted inFederal Budget (US) House of Representatives National Debt (US) Republican Party Stimulus (Economic) Stocks and Bonds Tax Cuts and Jobs Act (2017) Treasury Department United States Economy United States Politics and Government

America Set to Hit Its Borrowing Limit Today, Raising Economic Fears

The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
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Posted by By Jim Tankersley and Alan Rappeport
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Posted inFederal Budget (US) Politics and Government Treasury Department

How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster

Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
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Posted by By Alan Rappeport
How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?
Posted inFederal Budget (US) Government Bonds Law and Legislation National Debt (US) Stocks and Bonds United States Economy

How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?

The United States has a cap on the amount of money it can borrow. That means it can run out of cash if the limit isn’t lifted.
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Posted by By Alan Rappeport
As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans
Posted inBanking and Financial Institutions Federal Budget (US) Federal Reserve System Government Bonds National Debt (US) Stocks and Bonds Treasury Department United States Economy United States Politics and Government

As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans

A default would most likely rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
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Posted by By Jeanna Smialek and Joe Rennison

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