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The US Debt Crisis: All You Need to Know
Published:
May 2023
Pic: Shutterstock
Key Takeaways
The US is facing a debt crisis. The national debt has reached a record high of $31.4 trillion, and the government is estimated to have hit its debt ceiling on May 16, 2023. If Congress does not raise the debt ceiling, the government will be unable to pay its bills and will default on its debt, which would have a devastating impact on the country’s economy.PRIME
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