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Posted Thursday, December 3rd, 2015 at 3:07 pm by in .Edit this post More in

Thanks for calling write essay 9 11 According to Treasury Department estimates, the U.S. will run out of borrowing authority on Oct. 17, at which point it will have roughly $30 billion on hand to pay its bills. The Bipartisan Policy Center on Tuesday estimated that the U.S. would no longer be able to fully pay all of its bills somewhere between Oct. 22 and Nov. 1. Defaulting, the Treasury Department estimated in a report released Oct. 3, could mean a downturn worse than the Great Recession.

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