What you need to know about the debt ceiling as the deadline looms

People pass the front of the New York Stock Exchange in New York, on March 22. Brinkmanship in Washington over raising the U.S. debt ceiling has begun to raise worries in parts of the financial markets.

What is the debt ceiling? What could happen if it's not raised? Here are answers to questions you may be asking about the debt limit and the fight over it.

(Image credit: Peter Morgan/AP)

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