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Uncertainties Abound If US Debt Ceiling Is Not Increased

The United States faces a world of uncertainty and a possible default on its debts within days if Congress does not increase the country's $16.7 trillion borrowing limit by Thursday. If debt payments are missed, financial analysts say it would cause widespread turmoil on international financial markets because investors' faith in the safety of U.S. securities would be broken. Some congressional critics of government spending, mostly Republican opponents of President Barack Obama, say ...

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