A standoff over the U.S. debt ceiling has begun. It could become the country's most consequential political showdown this year, with global economic repercussions.
Treasury Secretary Janet Yellen announced Thursday that the country has hit its borrowing limit and must take extraordinary measures to delay a catastrophic and once-unfathomable U.S. debt default.
We may witness months of escalating drama.
Read more at: https://www.cbc.com
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