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"If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.”

U.S. Treasury Secretary Janet Yellen, warning lawmakers of what the impacts might be if the federal government runs out of money to pay its bills, which, she predicts, could be as soon as June 1 if the debt ceiling is not raised soon. (NPR — May 1, 2023)
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