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Republicans craft contingency plan as possible debt ceiling crisis looms

By Ryan King
Published January 14, 2023 2:29am ET
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Republicans craft contingency plan as possible debt ceiling crisis looms
Speaker of the House Kevin McCarthy, R-Calif., walks to the House chamber at the Capitol in Washington, Thursday, Jan. 12, 2023.

Republicans in the House are reportedly crafting a contingency plan in the event negotiations fail on lifting the debt limit, which is projected to be hit next week.

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Debt Ceiling National Debt Republicans Treasury Department