The US Capitol is seen in Washington, DC, on May 22. Mandel Ngan/AFP/Getty Images There isn't much precedent on what to do in case of a default, since it's never happened before.If the government doesn't raise the ceiling, the United States won't automatically go into default.The Treasury Department has enough to cover some obligations, but it's uncertain what protocol it would adopt to handle payments.
#back #united-states #organization #getty-images #automatically #uncertainty #temporarily #obligations #intermediate #treasury-department
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