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Home>On Your Mind: The Debt Ceiling, US Credit Rating and Potential Default

On Your Mind: The Debt Ceiling, US Credit Rating and Potential Default

Perspectives Content Submission

Wed, 27 Jul 2011

The debt ceiling Why is it important that the debt ceiling be raised? The debt ceiling needs to be raised in order for the Treasury to pay interest and principal on maturing Treasury securities, while at the same time funding obligations already approved by Congress such as Social Security, Medicar

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