As US Reaches Debt Ceiling, ‘Extraordinary Measures’ Used to Prevent Possible Default

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As US hits debt ceiling, ‘extraordinary measures’ are being used to avoid possible default – Reuters

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The Treasury Department announced on Thursday that the United States had reached its debt ceiling. This means that the country has reached its borrowing limit and is at risk of default as early as June. Cristian deRitis, deputy chief economist at Moody’s Analytics, joined CBS News for a chat.

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