Friday, January 20, 2023

What is the US debt ceiling and what happens if it isn’t raised?

"Failure to meet the government's obligations would cause irreparable harm to the US economy, the livelihoods of all Americans, and global financial stability," she wrote… 

"We've seen in previous debt ceiling stand-offs that even the threat of default leads to even higher costs for working families," they said. "Default forced by extreme Maga Republicans could plunge the country into a deep recession."…


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