Debt ceiling standoff: What happens if Washington falls behind on its bills?

Capt. John

The U.S. government could fall behind on its bills next month – and even default on its debt – if Congress doesn’t raise a $31.4 trillion cap on government borrowing, a failure that could trigger economic calamity and panic on global financial markets. What follows is a timeline showing how a...

https://www.hellenicshippingnews.com/debt-ceiling-standoff-what-happens-if-washington-falls-behind-on-its-bills/

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