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The US budget is again teetering on running out of money because the Republicans and Democrats are playing a game of chicken on whether to raise the debt ceiling. The debt ceiling caps how much the US can borrow through issuing bonds. Treasury Secretary Janet Yellen has warned that failure to pay US bondholders will cut revenue More
The post A Strategy for Not Defaulting on Federal Loans appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Nick Licata.