BUSINESS
07/01/2011 10:00 am ET Updated Aug 31, 2011

Krugman: Failure To Raise Debt Ceiling 'Not At All' Unthinkable

In about a month, if nothing is done, the federal government will hit its legal debt limit. There will be dire consequences if this limit isn’t raised. At best, we’ll suffer an economic slowdown; at worst we’ll plunge back into the depths of the 2008-9 financial crisis.

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