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Debt ceiling: Here's what could happen in a credit debacle

Por: CBS News Politics January 18, 2023

The federal government's cap on the amount it can borrow to meet funding needs is approaching fast. U.S. Treasury Secretary Janet Yellen last week that the nation will reach the debt limit on January 19, prompting a slew of warnings from Wall Street analysts and economists about the potential financial fallout if Congress fails to take action.The debt ceiling is currently at $31.4 trillion, representing borrowing that the Treasury... + full article



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