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Dems Reject GOP ‘Ransom Note’ as Treasury Warns Debt Limit Hike Only Solution to Avoid US Default

William Ibarra 1 year ago in Breaking News 0

In August 2011, the US came within hours of defaulting on its debt before lawmakers agreed to a temporary deal to raise the debt ceiling. Despite the 11th-hour solution, S&P still downgraded the US’ credit rating – and despite the problems it created, Republicans have continued to use the perennial situation as a bludgeon against their rivals.

The post Dems Reject GOP ‘Ransom Note’ as Treasury Warns Debt Limit Hike Only Solution to Avoid US Default appeared first on .

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