Will the U.S. Default? Debt Ceilings, Government Shutdowns, and the National Debt
Money For the Rest of Us
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The first overarching debt seiling was put in place in 19 17. Treasury secretary janet yellen said that the government will run out of cash s treasury to pay interest to redeem maturing government bonds by october eighteenth. It's uncertain whether we could continue to meet all the nation's commitments after that date, including payment of social security benefits,. We'll take a closer look at later in this episode.
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