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Thread: Is it good if the US raises its debt ceiling?
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[quote=GUESTMARS,435936]I am not an economist and do not know much about world economy. Recently, many netizens have been talking about US debt. According to the news reports, the debt ceiling talks between the US president Obama and Republicans collapsed two days ago. Mr. Obama was angry and warned that the US might default its debt. “If the US fails to meet the deadline to raise the $14.3tn limit on US borrowing, the Treasury could run out of money to pay all of its bills - which could lead to interest rate rises, threaten the US economic recovery and in turn the global recovery”, a BBC report says. The result is horrible. But is it really good if the US raises its debt ceiling? [/quote]
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