How the debt ceiling could affect you

Published On: Oct 08 2013 10:44:23 AM CDT   Updated On: Oct 14 2013 07:08:58 AM CDT

Things will get ugly if Congress doesn't approve a debt ceiling increase in three days. Here's how it would affect you.

Treasury Department
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John R. Coughlin/CNNMoney

Congress has never willfully let the United States default on any of its legal obligations. So it's impossible to say with certainty what will happen if lawmakers don't approve a debt ceiling increase soon.

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