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Debt Ceiling Countdown: An Explainer

The Dispatch Podcast

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The Debt Limit and the Treasury's Extraordinary Measures

The president would be forced to break at least some laws because he's either breaking the debt limit law or the law that says you have to spend this money. Republicans and Democrats have been having these negotiations for a couple weeks now trying to avoid the so called x-date, which the Treasury Secretary Janet Yellen has said it could be as early as June 1st.

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