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Debt Ceiling Deal Passed, Averting Government Debt Default. Find Out What It Means to You - The TurboTax Blog

On June 1, 2023, Congress passed the Fiscal Responsibility Act, averting a first-ever government debt default. The bill includes a two-year suspension of the debt ceiling now set at $31.4 trillion which will allow the government to continue paying for things like social security payments and veteran benefits. You may be wondering, “What else is

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