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Find out how the debt ceiling works at howstuffworks.
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Debt can sneak up on you and, before you know it, you're overextended with medical bills, student loans and credit card balances.
The clock is ticking for congress to reach a deal on the national debt ceiling — and if it can't, the impact on americans' pocketbooks could be disastrou. He's on balance of power. sep.1. Take action before you have too much debt. With the seesaw motions of the last few weeks,. Debt trouble sneaks up on you. In short, what they do is take charge of you. Everything can seem fine until you owe much more than you can handle. It's simple to let even a small debt tumble out of control, however. Everything can seem fine until all of sudden you owe much more th. What is the debt ceiling, and why has it become so controversial now? You might consider debt consolidation, but this is an important decision. Debt can sneak up on you and, before you know it, you're overextended with medical bills, student loans and credit card balances. Debt trouble sneaks up on you.
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