An important deadline looms for USA – October 17. That’s when the US government hits its $16.7 trillion debt ceiling. At that point, unless something is done, the Treasury will have just $30 billion in cash. That’s not enough to pay its bills, warns US Treasury Secretary Jack Lew.
$16.7 trillion debt, that is a lot of money. 1 trillion is a million million. It is a thousand billion. It is 12 followed by one zeroes.
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