A US debt crisis will arrive sooner as banking turmoil hits the economy and federal revenue, strategist says

A US debt crisis will arrive sooner as banking turmoil hits the economy and federal revenue, strategist says

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President Joe Biden, Vice President Kamala Harris and House Speaker Kevin McCarthy. Jacquelyn Martin, Pool/AP Tighter lending due to the banking crisis will slow the economy, resulting in less federal revenue. So Congress will have to lift the debt ceiling sooner than anticipated, a Stifel…

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