Friday, October 11, 2024

Treasury takes “extraordinary measures” as U.S. hits debt ceiling

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Treasury takes “extraordinary measures” as U.S. hits debt ceiling – CBS News


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The U.S. officially reached the debt limit on Thursday, and the Treasury Department says it has begun taking “extraordinary measures” to maintain the full faith and credit of the United States. It sets up a showdown that could put the entire U.S. economy at risk. Scott MacFarlane has more.

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