How The Debt Ceiling Not Being Raised Could Affect You
The cap on the amount of money the U.S. government can borrow to pay its debts is $28.4 trillion and Treasury Secretary Janet Yellen has warned of the consequences of the government going into default if lawmakers do not agree to extend that ceiling by October 18. “It would be disastrous for the American economy, for global financial markets, and for millions of families and workers,” she told lawmakers in a hearing last month....