Failure to hike debt limit could have dire consequences that ripple across US, global economy

Failure to hike debt limit could have dire consequences that ripple across US, global economy
WASHINGTON — The United States has never defaulted on its debt and Democrats and Republicans say they don’t want it to happen now. But with partisan acrimony running at fever pitch, and Democrats and Republicans so far apart on how to tame the deficit, the unthinkable is suddenly being pondered.
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