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Shutdown? Default? Washington’s risky new debt ceiling standoff

Shutdown? Default? Washington’s risky new debt ceiling standoff

WASHINGTON — Partisan brinksmanship in the U.S. Congress has made government shutdowns seem a routine part of governing in the past decade, but the current standoff in Washington over raising the $31.4 trillion federal debt ceiling is significantly riskier. WHAT IS A GOVERNMENT SHUTDOWN? Congress is supposed to pass detailed spending legislation for each fiscal […]

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