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POTENTIAL DEFAULT USA in Crisis as Debt Hits $31 Trillion Ceiling, Cash Runs Out on 19th January & DEBT DEFAULT Looms Original article: Peter Burgess COMMENTARY Peter Burgess | ||
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USA in Crisis as Debt Hits $31 Trillion Ceiling, Cash Runs Out on 19th January & DEBT DEFAULT Looms
Joe Blogs Jan 15, 2023 231K subscribers ... 110,485 views ... 8.3K likes Please Support The Channel:
US Treasury Secretary Janet Yellen has written to Congress advising that the USA is due to hit the maximum $31 Trillion Debt Ceiling on 19th January 2023 and unless the Limit is Increased the USA is likely to DEFAULT on its Debt Obligations by June. This would be the first time in history that the USA has Defaulted and would have major repercussions for both the USA and the Global Economy. In this video I provide more details on the Debt Ceiling, look at the current debt position, review Janet Yellen's letter, the implications of a USA default and discuss the likely outcome. 
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