Five ways a debt limit crisis could derail the US economy
Economy And Jobs,Banking And Finance,Debt Ceiling,Debt
From the Center
AllSides Media Bias Rating: Center
The biggest threat the U.S. economy faces this year could be the fight over the federal debt limit.
Congress and the White House have roughly six months to avoid an unprecedented and potentially catastrophic default on the federal debt. But there is no clear path to keeping the U.S. solvent, with House Republicans fiercely opposed to any debt ceiling increase unaccompanied by serious spending cuts.
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