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Saturday, February 28, 2026

President Biden can end the debt ceiling by himself. But will bonds markets buy it?

The president signaled he’s open to bypassing Congress to avoid default. There’s one major problem with that plan that people aren’t talking about. So it’s come to this: another debt ceiling crisis. This is the fifth standoff I’ve covered as a reporter. There was the big one in 2011, of course, but …

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