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Daily Archives: October 9, 2013

Asked & Answered: Debt Ceiling Crisis

Asked & AnsweredBy Friedenthal FinancialOctober 9, 2013

10/9/2013   Michelle from Minneapolis:   What is the Debt Ceiling and what is the big deal about reaching it?   Friedenthal Financial:   Michelle,   Certainly a popular question these days!  The debt ceiling is simply the maximum amount that the US can borrow at one time (currently $16.7 Trillion).  In each fiscal year,…

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