What is the US debt ceiling & why can’t Congress delay decision?
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Loading... - Lucy Thomas
- 24 Feb 2023
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A default by the US government could have catastrophic effects on both domestic and global economies.
The United States government hit its borrowing limit last week, on January 19, leading to new economic worries at a time when most countries are expecting a slowdown in economic growth.
The US administration has already started implementing measures to avoid any default, which could have catastrophic effects on both domestic and global economies. Here are the nuts and bolts of the debt ceiling issue and why it matters. Read More..
