U.S. debt ceiling approaches again: What's at stake?

U.S. debt ceiling approaches again: What's at stake?



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The U.S. debt, now exceeding $36 trillion, is once again approaching its debt ceiling. With interest payments soaring and consuming an increasing share of the federal budget, a potential default looms if Congress fails to act. This issue isn’t confined to America alone, a default could unleash chaos in global markets. What does this mean for you and the global economy? CGTN’s Guan Xin breaks it down on BizFocus.

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