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Will the debt ceiling affect your finances?

What is the debt ceiling? The debt ceiling is the maximum amount the federal government is able to borrow to finance obligations that lawmakers and presidents have already approved. What happens if the United States defaults on its debt? U.S Treasury Secretary Janet Yellen wrote that she expects the “extraordinary measures” to last until early June. So, what does this mean for your finances? Aimee Picchi outlines the three ways your finances could be affected. Read Ms. Picchi’s article here…

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