Home Economics US debt ceiling day October 17: What happens?

US debt ceiling day October 17: What happens?

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US debt ceiling day October 17: What happens? (via AFP)

The US Treasury says that starting Thursday it will not have enough cash to pay its bills unless Congress increases the $16.7 trillion cap on its power to borrow more money. Treasury Secretary Jacob Lew says it will have only $30 billion on hand, with…

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