Debt Ceiling D-Day: U.S. Hits $14.3 Trillion Limit

The United States today hit its $14.3 trillion congressionally-mandated borrowing limit and the federal government is running on fumes. While the treasury says it can continue funding Uncle Sam's $3.8 trillion annual spending spree by tapping into what is effectively an emergency credit card -- borrowing from government worker retirement funds and cutting off federally-backed state and local bond programs -- many people are wondering what, if any, impact not extending the debt limit might have...Full Story
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