How the debt ceiling could affect you

Posted: 11:44 AM EDT Oct 08, 2013   Updated: 8:08 AM EDT 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
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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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