How the debt ceiling could affect you

POSTED: 11:44 AM Oct 08 2013   UPDATED: 8:08 AM Oct 14 2013

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
1 / 11
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.

Popular now on

Around The Watercooler

Swett South Dakota map

For $250,000, you can buy this South Dakota ghost town

Talk about a bargain. You can buy an entire town in South Dakota for just a bit more than the cost of an average home in the U.S.

Reese's candy

Christmas tree-shaped Reese's Peanut Butter Cups criticized

People are taking to social media to dis Christmas tree-shaped Reese's Peanut Butter Cups, with one tweet comparing them to "turds."

Spider in web

Fight with spider ends with police being called

A report of a potential violent domestic disturbance turned out to instead be one desperate Australian man's attempts to kill a "rather large" spider.

Generic court, gavel, lawsuit, arraignment, judgment

Man pleads guilty to stealing brain samples, other tissue

A man who admitted to stealing human brain samples has been sentenced.

Darth Vader robs Florida store

An armed would-be robber dressed as Darth Vader was arrested shortly after an altercation with a convenience store clerk Sunday night.


Email Sign-Up