A default would mean the U.S. government fails to pay some of its obligations because the Congress failed to raise the debt ceiling to authorize borrowing more money to fund spending it already passed.
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A debt ceiling breach would hurt these U.S. states the most
With negotiations on raising the debt ceiling still ongoing, the U.S. may be less than two weeks from defaulting on its debt, an unprecedented scenario that government officials have variously described as "unthinkable" and potentially "catastrophic." Here's how it would impact you.
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