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The Importance of Raising the Debt Ceiling

Michael Linden explains why we must raise the debt ceiling, and what will happen if we don't.

Part of a Series

How did we end up in the current crisis? Why must Congress increase the debt limit? What will happen if Congress passes only a small debt limit increase, or worse, none at all?

(transcript, mp4, YouTube)

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Michael Linden

Managing Director, Economic Policy

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