Limitless ceiling? US debt doomsday approaches — RT Business

Limitless ceiling? US debt doomsday approaches — RT Business:

 With the US debt ballooning to a new record of $16.7tln and the deadline to fix the ‘debt ceiling’ expiring on October 1, a default threat looms over the world’s largest economy. Experts agree the government will broaden its borrowing limit.

The latest warning to Congress comes from the International Monetary Fund, who urged the US Congress to reach an agreement to raise its debt ceiling and avoid a federal government shutdown.