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

The New York Times – Business:

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.

Alan Rappeport
Author: Alan Rappeport

This post first appeared in The New York Times – Business. Read the original article.

Written by

Alan Rappeport

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Federal Budget (US), Government Bonds, Law and Legislation, National Debt (US), Stocks and Bonds, United States Economy
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