ceiling deal, i have a hard time seeing how this gets resolved and that s obviously quite scary for markets and the other economy what will happen if congress fails to do its job and prevent a debt default? what s at stake u.s. treasurey, the debt the government issues to pay its balance are not just important for function of the u.s. government because we need to raise money to make balance payments between what we bring in and spend, it s also u.s. treasury debt are the benchmark the foundation of the global financial system almost every country around the world bases its trades and its financial markets on the value of the u.s. dollar and we never really seen the kind of ripple effect that economists fear if that goes haywire with the sudden change in what the u.s. trustworthiness for our credit and that could
Action-congress
Economy
Markets
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Debt
Money
Balance
Government
United-states
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U-s-treasurey
Debt-default