What happens if the debt ceiling isn’t raised? - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

What happens if the debt ceiling isn’t raised?

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President Obama called on Republican legislators to raise the nation's debt ceiling so the country can pay its bills. He explained that raising the debt ceiling only allows the country to pay for the bills that are already owes and warned of economic consequences if Congress fails to act.

Joining FOX 7 to discuss this request is Ted Delisi, a Republican strategist and Jason Stanford, Democratic consultant and author.

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