U.S. expected to hit debt limit this week. What happens next?

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January 16, 2023 at 10:08 AM

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Treasury Secretary Janet Yellen warned that the country is on track to reach the debt limit, or the cap on how much money the federal government can borrow. CBS News congressional correspondent Scott MacFarlane joined Anne-Marie Green and Vladimir Duthiers to discuss the potential debt crisis and how Congress might respond.

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U.S. expected to hit debt limit this week. What happens next?

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