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  • Alan Rappeport and Emily Cochrane

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The U.S. Hit Its Debt Limit. What Happens Next?

The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.

Debt Ceiling Window Is Narrowing, Bipartisan Policy Center Warns

The United States could default as soon as Dec. 21 if Democrats and Republicans fail to extend the Treasury Department’s borrowing authority.