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U.S. may have to stop borrowing later this year: Treasury

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The U.S. government will have to stop borrowing money between July and December ...

FILE PHOTO - A man walks away from the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder

Hitting that so-called “debt ceiling” could trigger a U.S. default on its debt and an immediate recession, a risk that has become a regular facet of U.S. politics over the last decade. “Treasury expects that the extraordinary measures will be exhausted sometime in the second half of 2019,” Treasury Deputy Assistant Secretary Brian Smith said in a statement announcing the department’s quarterly debt issuance plans.

 

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Is this a joke? Will never happen, Americans are drunk on wealth and greed. I don’t believe it. “Jesus said to him, “If you can believe, all things are possible to him who believes.”” Mark 9:23 NKJV

Something to do with Trump administration mismanagement

That'll put a kaibosh on the Republican dreams of invading Venezuela.

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