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The Independent UK
The Independent UK
National
Josh Boak

Lots of sound and fury on US debt, but not a crisis — yet

Copyright 2023 The Associated Press. All rights reserved.

For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point ... at least not yet.

The national debt is at the core of a dispute about how to raise the government's legal borrowing authority, a mostly political argument that could turn into genuine financial trouble this summer if the U.S. runs out of accounting maneuvers to keep paying its bills.

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