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Consumer finance site announces publication of an explanatory information sheet on how the Federal Government's debt ceiling crisis could impact the average American's daily life.
DALLAS, October 15, 2013 /PRNewswire/ --
Following the publication of a helpful debt ceiling crisis infographic produced by CNN News, PersonalLoansForBadCredit.org has decided to produce an explanatory information sheet. It focuses on how the debt ceiling crisis may affect consumers if it is not resolved shortly.
Ben Milo, spokesperson for PersonalLoansForBadCredit.org, made the announcement:
"The U.S government has been spending way beyond its means and has reached its ceiling of debt, as set by Congress, back in May 2013. To put it bluntly, the government needs to pay its bills and cannot restructure this debt anymore. We wanted to produce an information sheet that explains what may happen for the average American consumer if Congress doesn't manage to appropriate new funding for the next fiscal year. If the Treasury Department cannot borrow new money how will American pay its bills and what does this mean for Main Street? We invite consumers to read our information sheet to see what may happen next."
Some highlights from the information sheet on how the continuation of the debt ceiling crisis can affect consumers include the following:
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