Baku. APA-Economics. The Treasury Department says Congress must extend the government's authority to borrow money by Oct. 17, or place "our economy in a dangerous position."
Some Republicans, fighting the administration on several fronts during the current shutdown, have ringed another date for disaster. They say any default on government debt might not happen until Nov. 1—and even then, a catastrophe won't necessarily occur.
Note that. short-term bonds of the US Treasury Department are the most important instruments f the world financial system.
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