The debt ceiling drama, explained in 2 minutes
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The debt ceiling drama, explained in 2 minutes
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CBS NewsAimee Picchi
The U.S. debt ceiling has become a high-stakes and controversial political issue, with both parties playing a role in the exponential increase in the national debt. From Senator Biden's 1984 spending freeze amendment to recent suspensions, this week's Five Facts explores the history and impact of the debt ceiling on the U.S. economy and political landscape. | No Labels
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Debt ceiling explained: Why it's a struggle, how the impasse could end
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