Even approaching a default could cause an increase in borrowing costs and other financial stress, while an actual default would spark a financial crisis and global downturn of unknown but substantial severity.
DeLauro warns about the severe consequences of a potential default.
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The test will be a simple one: Are you sufficiently loyal to the president? If the answer is no, it will result in the denial of lifesaving disaster relief, funding for research into cures, the closure of Head Start offices, and more.
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