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Debt-Ceiling Standoff Prompts Backup Plans, but They Face Hurdles Too
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wsj.comThere is no clear escape hatch to avoid default if Congress doesn’t pass legislation raising the debt ceiling.
Potential alternatives to addressing the borrowing limit—from simply ignoring it, to minting a trillion-dollar coin, to prioritizing certain payments—all face hurdles, underlining doubts about any fallback plan if Democrats and Republicans fail to reach a deal by this summer.
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