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Fortune Explains: The Debt Ceiling

April 29, 2019 00:00 AM UTC
- Updated September 02, 2020 11:31 AM UTC

A guide to what it is and why it matters.


So a new month rolls around, which means you get paid. But that also means you've got to pay your bills. But what happens when you run out of cash before you can pay for all of that? Well, you'd have to borrow money. Just like you and I, the United States government has bills to pay. Borrowing mone...

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