Economist Stephanie Kelton on the Debt Limit, a Potential Catastrophe We’re Risking for No Reason
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The Treasury Department's Options for Raising the Debt Limit
In practice, this has never ever happened that Congress has failed to raise the debt limit. The Treasury Department does not have the money to pay its bills or service its debt. But they actually have ways to sort of move the money is in a sense fungible. Some people are talking about things like top up the government's bank account.
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