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US Treasury Secretary Mnuchin informs Speaker Ryan in a letter dated July 27 that he has available funds until September 29 to keep the US current on its debt without an increase in the statutory debt limit. Without an increase approved by Congress and signed by the President, the US will not have the ability to make the next debt service payment and will default.
The trump administration is s fine tuned machine and there's no possibility such a catastrophe would occur. Everyone says so.
Tick, tick, tick...
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Mint the coin
Mint the coin