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Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.

Jeanna Smialek
Author: Jeanna Smialek

Written by

Jeanna Smialek

in

Federal Budget (US), Federal Reserve System, Government Bonds, National Debt (US), Politics and Government, Republican Party, Senate, Stocks and Bonds, Treasury Department, United States, United States Economy, United States Politics and Government
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