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US debt limit: How a default could affect you

Por: ABC News Business May 03, 2023

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Millions of Americans who rely on federal payments to make ends meet, could be negatively impacted if the government is .If allowed to happen, economists agree the first in U.S. history would be an economic catastrophe and could trigger a global financial crisis. Allowing the U.S. to default on its debts would induce a self-inflicted recession, Gregory Daco, chief economist at EY-Parthenon, .This week Treasury Secretary Janet Yellen put Congress... + full article



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