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Joe Biden signs debt ceiling deal just two days before the US would have started running out of money

By Ryan Wu
Published in Debt Management
June 13, 2023
1 min read
Joe Biden signs debt ceiling deal just two days before the US would have started running out of money

So, I read this article about Joe Biden signing a debt ceiling deal, and it’s honestly wild. Basically, the US was about to run out of money in just two days, and if they didn’t figure something out fast, things could have gotten really bad.

Luckily, Biden was able to sign a deal that will allow the government to keep running smoothly for a little while longer. The debt ceiling is basically the limit of how much the government can borrow, so this deal raises that limit and allows them to keep spending.

It’s kind of scary to think about how close we were to disaster though. I mean, I’m not an expert on this stuff at all, but I know that running out of money is not a good thing. It’s like when I spent all my money on pizza last week and couldn’t afford gas for my car. Not a great situation.

Anyway, I think this article underscores just how important it is for our government to be on top of things like this. We can’t just let things go until the last minute and hope for the best. Hopefully, this serves as a wake-up call and we start taking these issues more seriously.

Overall, I’m glad Joe Biden was able to get this deal signed in time, and I’m hoping that we can all learn from this situation and start planning ahead a bit more.


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