A snowball effect 
Updated 15:15, 17-Dec-2021

On Thursday, U.S. President Joe Biden signed a bill into law increasing the debt limit by $2.5 trillion, averting a default temporarily. But as some analysts put it, with the skyrocketing public debt, the U.S. is inching closer to economic peril. 


Editor: Yuan Xin

Designer: Cao Yi 

Senior producer: Wei Wei 

Managing director: Mei Yan 

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