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White House to seek increase in borrowing limit
The Obama administration will ask Congress to raise the nation’s borrowing limit by $1.2 trillion this week, marking the third and final increase from a deal negotiated over summer. Treasury officials...
View ArticleUS Treasury warns of harm from debt default
The U.S. Treasury Department warned the economy could plunge into a downturn worse than the Great Recession if the country defaults on its debt obligations.
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