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Treasury stands by late autumn debt limit deadline
The Washington Post: The Treasury Department announced Thursday that Congress will likely have until early November to increase the debt limit, reaffirming earlier estimates.
Treasury will exhaust the extraordinary measures it has used to avoid defaulting on the nation’s debt near the end of October. That’s according to a letter sent by Treasury Secretary Jack Lew to House Speaker John Boehner. It is difficult to predict the exact date on which the government will run out of funds, but the letter increases pressure on lawmakers to act quickly to avoid default.
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