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2023-02-08 01:30:30

Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan

Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan

Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise the debt ceiling.” Bank of America CEO Brian Moynihan

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