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US risks default as soon as July unless debt ceiling is raised, financial agency estimates

Por: ABC News Business February 15, 2023

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The U.S. as early as July , the nonpartisan Congressional Budget Office said in a report on Wednesday.The federal government on Jan. 19 reached its approximately $31.4 trillion debt ceiling -- which legally caps how much the U.S. can borrow to pay for what tax and other revenue doesn't cover -- and the Treasury Department has since been using extraordinary measures along with its current cash flow to keep the government's obligations... + full article



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