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2023-05-19 06:08:58 -

The US Debt Ceiling: Implications of Failing to Raise It

Looming Risk of Default and Global Financial Crisis The US debt ceiling is a critical component of America's fiscal system, and the world's largest economy is on the verge of running out of money. However, a political stalemate between Republicans and Democrats has created a deepening impasse over whether to raise or suspend the debt ceiling. This article explores the consequences of not...

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