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US risks default as soon as July, will add $19T to national debt, agency estimates

Por: ABC7 World February 16, 2023

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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 paid.CBO... + full article



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