On the recordJuly 13, 2011
So a failure to raise the debt ceiling would be probably the most significant and immediate increase in the deficit that we are likely to see, the one act that would dramatically increase the deficit?
Source
congress.govEditor's note · Context
Reed emphasizes the severe impact of not raising the debt ceiling on the deficit.
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The Committee has directed inquiries to the Department, and we will be conducting vigorous oversight to determine the facts related to the circumstances.
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