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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