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From fishermen needing permits to farmers applying for compensation for deceased cattle, people and businesses needing help from the government will form a long line around the block.
Make no mistake, if the U.S. government defaults on its debt obligations, it will be a catastrophe. But the media has been misusing the term.
All eyes around the world are on Democrats and Republicans in Washington, waiting to see if they will come to an agreement over the debt limit.
Some financial institutions, worried they might not get their money back if the Treasury defaults on its debt, are selling their short term government debt. This presents risks to the financial system and to the economy.