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Once again Congressional Leaders and the President are back at the negotiating table over the amount of debt the federal government can incur. The stakes are very high in this debate. No one wants the U.S. to default on our obligations, which would unleash drastic economic consequences for the United States and its citizens. Earlier this year, Treasury Secretary Timothy Geithner issued a letter to Congress detailing the serious financial and economic implications that would result if the federal government defaults on its debt obligations.
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