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Debt Ceiling Dominates DC

On Thursday, Treasury Secretary Janet Yellen officially notified Congress that the US had reached its statutory debt ceiling limit and that she, like her predecessors, would start using certain “extraordinary measures” to make sure the ceiling wasn’t breached. Here is a link to the official communication from the Secretary to the Congress on Thursday.

Republicans in the House are insisting on significant rollbacks in government spending programs, but most specifically exclude defense spendi...

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