The United States narrowly avoided a default when President Biden signed legislation on Saturday that allowed the Treasury Department, which was perilously close to running out of cash, permission to borrow more money to pay the nation's bills.Now, the Treasury is starting to build up its reserves and the coming borrowing binge could present complications that rattle the economy.
#essentially #legislation #president-biden #consequences #investments #institutions #complications #federal-reserve #central-bank #treasury-department
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