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The debt ceiling deadline approaches: What are the options?

05/25/11 Robert Lorei
Radioactivity: Live Call-In (Wednesday)
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Good morning. Welcome to Radioactivity. I'm Rob Lorei. The federal government is heading toward an important deadline.

The national government’s accumulated spending is approaching the $14.3 trillion debt ceiling. Republicans are demanding huge deficit reduction concessions in return for raising it. The nation is expected to run out of money to pay its debts — on Aug. 2. Some fear that as we get closer - and as the debt ceiling is not raised - the markets will get spooked and they ma...

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