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Default Deadline Draws Near

With the debt crisis looming, a number of serious scenarios could play out if the country goes into default.
(ABC) With the debt crisis looming, a number of serious scenarios could play out if the country goes into default.

Included are the inability to borrow more money, tough decisions on which bills get paid. Some upcoming payments include: $12 billion to Social Security, $6 billion in interest on loans and $58 billion to Social Security, Medicare, military and government pensions.
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