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In this file photo, House Majority Leader Eric Cantor of Virginia, right, joins Speaker of the House John Boehner, R-Ohio, left, in criticizing President Obama on jobs creation, on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) — It might be time for another midnight ride by Paul Revere, this time warning “the creditors are coming.”

Americans seem not to have awakened to the fast-looming debt crisis that could summon a new recession, imperil their stock market investments and shatter faith in the world’s most powerful economy. Those are among the implications, both sudden and long-lasting, expected to unfold if the U.S. defaults on debt payments for the first time in history.

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