We Hit the Debt Limit. What Happens Now?

News Snapshot:

Time is running out for Congress to raise the nation’s debt limit, which controls how much money the government can borrow to pay its bills. Lawmakers will need to reach a bipartisan agreement to lift the cap. The longer it takes, the more turmoil there could be for the United States and the global economy. Congress can ... We are here Pass a timely deal Fail to reach a timely agreement Use congressional maneuvers Let X-date pass Treasury decides which payments to default on Default on debt Raise the debt limit Congress can ... We are here Pass a timely...