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Why There Will Be No 11th Hour Debt Ceiling Deal

Authored by MN Gordon via EconomicPrism.com, A new milestone on the American populaces’ collective pursuit of insolvency was reached this week. According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt jumped to a new record high of $12.84 trillion during the second quarter. This included an increase of $552 billion from a year ago.
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