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The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.

The New York Times – Business:

If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.

Alan Rappeport
Author: Alan Rappeport

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

Written by

Alan Rappeport

in

Budgets and Budgeting, Federal Budget (US), Government Bonds, Interest Rates, National Debt (US), Personal Finances, Stocks and Bonds, United States Economy, United States Politics and Government
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