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Jun 30, 2011

Debt Ceiling Decision Tree

The United States Congress has to raise the debt ceiling before August 2 otherwise the United States will default, because it can't borrow any more money. Before that date democrats and republicans need to make a compromise about the raise of the amount that the government can borrow, possibly together with a long-term austerity plan.

According to Societe Generale who made the next graph the most likely outcome is that the debt ceiling will be raised by a small amount.

Business Insider

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