The United States Avoids Default... For At Least Two Months
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Treasury Secretary Janet Yellen warned earlier this week that the U.S. economy was staring directly into a "catastrophe" as the debt ceiling closed in. Now, it's more staring semi-comfortably from a safe distance at one.
On Thursday, Democrats and Republicans reached an agreement to raise the ceiling, warding off a government default that could have plunged global markets into unprecedented chaos. The downside: it only lasts until December.
Source Fool.com
