The full faith and credit of the U.S. government will be in jeopardy next month…ish.
The looming debt ceiling means that – without an intervention by Congress – the government won’t be able to pay its bills soon. A default could be catastrophic for the U.S. economy. But what makes matters worse is that nobody is quite sure when the limit will actually be reached.
It’s so hard to predict because technically the debt limit has already been passed. A limit of $28.5 trillion was reimposed…
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