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What a federal debt default could mean for Maryland: recession, unpaid workers, loss of benefits

May 22, 2023

Thousands of Marylanders could be out of a paycheck or other benefits if federal leaders fail to reach an agreement to increase the nation’s debt ceiling. With roughly two weeks left before the so-called X Date, lawmakers from both parties are negotiating to avoid defaulting on debt payments. Economists and state leaders warn of unpleasant short-term effects that could become painful long-term if negotiations stall.

 

Article Source: Maryland Matters

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