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Commentary: $31 trillion isn’t the scariest number in debt-ceiling fight

Por: Portland Press Herald Opinion February 10, 2023

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With $31 trillion of debt, the U.S. government has reached its borrowing capacity. President Biden and Republican House Speaker Kevin McCarthy have started talks on ways to raise the so-called federal debt ceiling. If they don’t come to an agreement, the U.S. could default on its debt and send the economy and financial markets into a catastrophic tailspin. While $31 trillion is concerning, the number that both sides should really be focusing... + full article



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