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U.S. to hit debt limit Thursday: Here's what that means

Por: MarketWatch Business January 18, 2023

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Ahead of the possible fireworks in Washington and on Wall Street later this year, here are some key questions about the U.S. debt limit and answers to them. What is the U.S. debt limit? Why do we have it? Congress for more than a century used to authorize each sale of Treasury bonds to pay for specific projects, but U.S. lawmakers gave the Treasury Department more flexibility on the country’s debt in 1917, as officials faced the onset of World... + full article



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