The United States could soon face an unprecedented financial crisis unless lawmakers raise the debt limit to avoid a default. The U.S. surpassed its debt limit earlier this year, and Treasury Secretary Janet Yellen said this month the country could reach a default meaning the government is unable to pay its bills as early as June 1 without action to raise the debt limit.
While the U.S. has never before been in default on its debt, experts anticipate that doing so could result in a crisis. “In my assessment and that of economists across the board a default on U.S. obligations would produce an economic and financ…
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