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DEC 19, 2013 - Business Insider

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HERE WE GO AGAIN: Congress Has Two Months To Raise The Debt Ceiling

The White House and Congress are quickly veering toward another showdown over the debt ceiling. Treasury Secretary Jack Lew wrote in a letter to Congress on Thursday that the nation's borrowing limit will need to be raised by late February or early March. As part of the bill to reopen the government in mid-October, the debt limit was suspended through Feb. 7, 2014. The Treasury can use so-called "extraordinary measures" after that point to keep borrowing and paying the nation's bills for a few weeks thereafter. In his letter, Lew cited the recent bipartisan budget deal brokered by Rep. ... Read More

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