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Here's a primer on the debt ceiling, and what can happen if the United States bumps up against it.
For something that could have a profound effect on the nation’s economy, the debt ceiling is a pretty arcane topic. But not much longer! PolitiFact's national staff looked at 10 questions and answers to shine some light on the subject. The questions include:
• So, what is this "debt ceiling"?
• What actually happens if we hit the debt ceiling?
• And, last but not least: How would ordinary Americans be hurt?
Click here to read the analysis.
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