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Another Melt-Up, Another Crash With James Picerno

Lead-Lag Live

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The National Debt Limit and the Treasury's Debt Deficit

According to the Yellen, the US is going to hit its debt limit on Thursday. That in and of itself won't trigger a default because there's all kinds of things the Treasury can do to continue to pay its bills. But increasingly after that, if an until Congress raises the debt ceiling, at some point, the Treasury will run out of money to pay its liabilities.

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