The U.S. Hits the Debt Ceiling (Again): Now What?
Posted by Brad McMillan, CFA, CAIA, MAI In January, the U.S. has borrowed as much as it legally can and will be prohibited from borrowing any more. Or, in the language of the headlines, we have hit the debt ceiling. Thenew Congress has failed to pass a law allowing the Treasury to borrow the money …
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