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What hitting debt ceiling means for U.S., average Americans

What hitting debt ceiling means for U.S., average Americans

In a letter to Congress, Treasury Secretary Yellen said the U.S. could hit its debt limit by January 19th and warned Speaker McCarthy that the Treasury will have to take “extraordinary measures” to avoid a default. NBC’s Jake Ward is joined by a member of the White House Council of Economic Advisors to break down the significance of the debt ceiling and how it could affect average Americans.

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