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Debt Limit Rise May Not Be Needed Until June, CBO Says
Bloomberg: The U.S. may be able to delay a debt-limit increase until as late as June 2014, the Congressional Budget Office said today.
Under an agreement reached last month, Congress suspended the debt limit through Feb. 7, 2014. After that, the Treasury Department will be able to use so-called extraordinary measures to stave off default, such as suspending investments of a retirement fund.
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