‘It’s essentially a game of chicken.’ The debt limit standoff has no real winners and potentially one big loser: The U.S. economy

‘It’s essentially a game of chicken.’ The debt limit standoff has no real winners and potentially one big loser: The U.S. economy

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The White House and Congress are fighting over whether to raise or cap the nation’s debt limit, the amount the government can borrow to pay its bills. If they can’t reach an agreement, it could be catastrophic for the economy. This is far from the first debt ceiling standoff in recent years, but…

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