Question.2923 - The Potential Impact on the U.S. Economy of the Debt Ceiling Crisis
Answer Below:
There xx a xxxxx which xxx set xx the xxxxxxxx on xxx amount xxxx the xx government xxx borrow xxx public xxxxxxxx and xxx limit xxx been xxx at xxxxxxxx in xxx ceiling xxx reached xx st xxxxxxxx and xx that xxxx treasury xxxx extra xxxxxxxx measures xx enable xxx government xxxxxxxx to xxxxxxxx The xxxxxxx situation xx that xxx ceiling xxxxx to xx raised xx the xxxxxxxxxx wants xx continue xxx spending xxx the xxxxx will xxxxxxx anytime xx October x If xxx debt xxxxxxx is xxx raised xxxx the xxxxxxxxxx would xx forced xx default xx some xx its xxxxxxxxx commitments xxxxxxxx or xxxxxxxx payments xx creditors xxxxxxxxxxxxx vendors xxx other xxxxxxxx Among xxxxx things xxxxx payments xxxxx include xxxxxxxx salaries xxxxxx Security xxx Medicare xxxxxxxx and xxxxxxxxxxxx benefits xxx new xxxx threatening xxx global xxxxxxxx is xxx risk xx the xxxxxxx of xx debt xxx treasury xxxxx s xxxxxxx to xxxxxxxx the xxxxxxx could xxxx a xxxxxxxxxx effect xxx could xxxx spark xxxxxxx financial xxxxxx The xxxxxxx of xxxx could xxxxxx in xx increase xxx uncertainty xx the xxxx market xxx would xxxxxx in xx increase xx the xxxxxxxx rates xxxx will xxxxxx in xx increase xx the xxxxxxxxx costs xxx the xxxxxxxxxx the xx businesses xxxxx are xxxxx trying xx revive xxxx the xxxxxx of xxxxxx slowdown xxx the xxxxxxxxxxxxx homebuyers xxx situation xx such xxxxxxxx that xxx failure xx raise xxx debt xxxxxxx to xxxx lead xx downgrading xx the xx credit xxxxxx ldquo x study xx the xxxxxxxxxxxx Government xxxxxxxxxxxxxx Office xxxxxxxxx that xxxxxx in xxxxxxx the xxxx ceiling xx cost xxxxxxxxx approximately xxxxxxx for xx The xxxxx market xxxx was xxxxxx into xxxxxx in xxx lead-up xx and xxxxxxxxx of xxx debt xxxxx debate xxxx the xxx Jones xxxxxxxxxx Average xxxxxxxx roughly xxxxxx from xxx final xxxx of xxxx through xxx first xxxx of xxxxxx Indeed xxx Dow xxxxxxxx one xx its xxxxx single-day xxxxx in xxxxxxx on xxxxxx the xxx after xxx S xxx amp x downgrade xxxxxxxx points xxxxx US xx an xxxxxxxxxx destination xxx been xxxxxxxxxx as xxx the xxxxxx countries xx countries xxxx Japan xxx China xxx if xxxxx is xxx decline xx the xxxxxxxxxx level xxxx the xxxxxxx creditors xxxxx end xx unloading x chunk xx their xxxxxxxx This xxxxx result xx the xxxxxxxxxxxx of xxxxxx across xxxxxxxxxx This xxxx poses x threat xx dollar xxxxx is xxxxxxxxxx as xxx ldquo xxxxxx Reserve xxxxxxxx rdquo xx the xxxx ceiling xx not xxxxxx in x timely xxxxxx then xxx US xxxxxxxxxx will xxxx to xxx its xxxxxxxx on xxxxxxxx pertaining xx social xxxxxxx The xxxxx required xx meet xxx government xxxxxxxxxxx could xx raised xx selling xx gold xx the xxxx ceiling xx not xxxxxx but xxxx a xxxx could xxxxxx the xxxxxxxxxx of xxx private xxxxxxxx as xxx value xx their xxxxxxxx would xxxxxxx The xx Debt xxxxxxx is xxxx affecting xxx Canadian xxxxxxx as xxx Canadian xxxxxx is xxxxxxxxxx in xxxxx in xxxxxxxx to xxx US xxxxxx and xxxxx a xxxxxx to xxx Canadian xxxxxxx The xxxxx of xxxxxxx is xxxxxxxxx critical xx if xx slips xxxx a xxxxxxxxx the xxxxxx world xxxx be xxxxxxxx by xxx same xxx there xxxxx be x widespread xxxxx and xxxxxxxxx meltdown xxx quot xxx point xx that xxxx each xxxxxxx day xxx debt xxxxx is xxx increased xxx more xxxxxx it xxxx do xx our xxxxxxx If xxxxxxxxx don xxx t xxxxx the xxxx limit xx November xxx economy xxxx fall xxxx into xxxxxxxxx If xxxx can xxx t xxxxx it xx the xxx of xxxxxxxx we xxxx be xxxxxxx our xxxxxxx and xxx entire xxxxxx economy xx a xxxxxxxxx economic xxxxxxxx with xxxxxxxxxxxx for xxxxx if xxx decades xx come xxx quot xxxxx The xxxxx who xx the xxxxxxx foreign xxxxxx of xx bonds xxx demanded xxx a xxx Americanized xxxxx and xxxx the xxxxxxx of xxx International xxxxxxxx Fund xxxxxx been xxxxxxx caution xx the xxxxxxxxx stability xx the xx Thus xx is xxxxxxxxx importance xxx the xxxxxxx country xx the xxxxx to xxxx a xxxxxxxx that xxxx help xxx country xxxxxxx the xxxxxxxx issues xxxxxxxxxxxxxxxxxxx M x October xxxx Ceiling xxxxxx World xxxxxxx Officials xxxxx On xxxxxx Risks xxxxxxxxx October xxxx Huff xxxx http xxx huffingtonpost xxx debt-ceiling-crisis x html xxx Mitchell x C xxxxxxx China xxx Japan xxxx US xx default xxxxxxxxx October xxxx CNBC xxx http xxx cnbc xxx id xxxxx M xxxxxxx Chief xxxxxxxxx Moody xxx s xxxxxxxxx M xxxxx InterviewerMore Articles From Accounting
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