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Stories for July 3, 2011

Debt Showdown: Road To Another Financial Disaster?

July 3
NPR Staff

Aug. 2: the day of debt reckoning. According to President Obama, the U.S. will default on its obligations that day if Congress does not raise the debt ceiling. With this debt-ocalypse just under a month away, one begins to think about what would happen if Americans wake up that morning to find Congress still deadlocked.