Answers to Your Debt Limit and Default Questions

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  • Q. What Will Happen After Oct. 17?
  • Q. When the Government Runs Out of Cash Will It Default?
  • Q. Couldn’t the Government Simply Print More Money?
  • Q. If They Can’t Print More Money, What Else Could Treasury Do?
  • Q. Would Delaying Payments Avoid a Default?
  • Q. Could President Obama Ignore the Debt Limit?
  • Q. What do Global Investors Thinking, Are they Panicking?
  • Q. What Would Be the Economic Impact?
  • Q. Is the Debacle About an Out-Of-Control Budget Deficit?
  • Q. Why is it Potentially Catastrophic for the Government to Default?
  • Debt Ceiling Dilemma
  • Q. What is the Debt Ceiling?
  • Q. How Close Is the Nation to the Limit?

Q. Couldn’t the Government Simply Print More Money?

A. No. The Federal Reserve, an independent agency, is responsible for creating money. The government funds itself through tax revenue and borrowing.

(Photo: Mark Wilson/Getty Images)

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