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Why the U.S. Is Having Yet Another Debt Ceiling Debate

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The very phrase “debt ceiling” sounds austere and restrictive, as if it’s a lid on authorities spending. In truth, the U.S. federal debt restrict was first conceived greater than a century in the past to make it simpler, not more durable, for the federal government to borrow cash. But it surely morphed into an explosive political software with the potential to roil monetary markets, since a failure to lift the debt ceiling might finally end in a first-ever default on a few of the authorities’s obligations.

https://www.washingtonpost.com/enterprise/why-the-us-is-having-yet-another-debt-ceiling-debate/2021/09/13/2967b136-14cb-11ec-a019-cb193b28aa73_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Why the U.S. Is Having But One other Debt Ceiling Debate

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