US DEBT CEILING CRISIS

DEBT CEILING CRISIS (Bukan selling)



+US government budget deficit.

+Debt ceiling at 28.5 trillion fully utilized.

+Need for a majority in the Senate to increase.

+The Republican Senate is opposed to it.

+Failure will result in the United States defaulting on its bond.

+The market is watching the progress with cautions.

+US Default might cause a market sell-off (crash?)

+Historically debt ceiling has been increased more than 60 times.

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