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Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

The Guardian Express Tuesday, January 31, 2023 Banking and Financial Institutions, Federal Budget (US), Government Bonds, National Debt (US), Politics and Government, Stocks and Bonds, United States Economy, United States Politics and Government

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If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught. By BY JEANNA SMIALEK, JIM TANKERSLEY AND JOE RENNISON from NYT https://ift.tt/GIN0f2d

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