In the heat of summer, lawmakers are trying to keep America liquid. As we went to press in late July, Congress was scurrying to come up with new plans to prevent the spectacle of the U.S. running out of cash on Aug. 2.
By the time this issue is out, hopefully that will be behind us. To be sure, even if the U.S. were to hit its debt ceiling, it doesn't necessarily mean it would default on its bonds. It could stop paying other obligations first.
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