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There’s No Way to Avoid Default Without Raising the Debt Limit, Treasury Says (News: 19/10/15)
Posted On 19 Oct 2015
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The U.S. Treasury Department rejected again on Friday the idea that so-called payment prioritization would provide a way for the U.S. to avoid a severe hit to its creditworthiness if Congress didn’t raise the federal borrowing limit before the Treasury runs out of cash.
Source:: There’s No Way to Avoid Default Without Raising the Debt Limit, Treasury Says (News: 19/10/15)