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Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?

WASHINGTON — The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could […]




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Wall St. Is Counting on a Debt Limit Trick That Could Entail Trouble

“This so-called prioritization scheme makes Republicans’ priorities pretty clear — crystal clear, if I may add,” Karine Jean-Pierre, the White House press secretary, said on Jan. 17. “They want to […]




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How the U.S. Government Amassed $31 Trillion in Debt

WASHINGTON — America’s debt is now six times what it was at the start of the 21st century. It is the largest it has been, compared with the size of […]




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The U.S. Hit Its Debt Limit. What Happens Next?

The United States hit a limit this week on how much money it can borrow, forcing the Treasury Department to initiate so-called extraordinary measures to make sure the nation has […]




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America Hit Its Debt Limit, Raising Economic Fears

WASHINGTON — The United States hit its debt limit on Thursday, prompting the Treasury Department to begin using a series of accounting maneuvers to ensure the federal government can keep […]




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How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster

“Debt limit impasses have also repeatedly disrupted implementation of Treasury’s cash management policy — with knock-on effects for money markets,” Joshua Frost, assistant Treasury secretary for financial markets, explained in […]




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How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?

Washington is gearing up for another big fight over whether to raise or suspend the nation’s debt limit, with Treasury Secretary Janet L. Yellen warning last week that the United […]




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U.S. Will Hit Debt Limit on Thursday, Yellen Tells Congress

WASHINGTON — Treasury Secretary Janet L. Yellen warned on Friday that she would have to begin employing “extraordinary measures” on Thursday to continue paying the nation’s bills if lawmakers did […]




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Why Hitting the Debt Ceiling Would Be Very Bad for the U.S. Economy

WASHINGTON — The new Republican majority in the House of Representatives has Washington and Wall Street bracing for a revival of brinkmanship over the nation’s statutory debt limit, raising fears […]




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Kevin McCarthy’s Speaker Drama Raises New Fears on Debt Limit

WASHINGTON — Representative Kevin McCarthy of California finally secured the House speakership in a dramatic vote ending around 12:30 a.m. Saturday, but the dysfunction in his party and the deal […]