(CNN) – The countdown is on.
The U.S. government is just over a week away from defaulting on its debt.
Translation: it won't be able to pay its bills, with an impact that would likely ripple around the world.
The debt ceiling is getting closer – Oct. 17. With every day that passes, the government gets closer to default.
It's impossible to say exactly what will happen – it's never been done before, but economists are unanimous – it's bad news that could wreak havoc on the economy.
Here are some ways people could be affected:
The good news – most economists expect Congress to get a deal done in time.
But so far, that hasn't happened.
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