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The U.S. hit its debt limit again. Now the Treasury Department is maneuvering to avoid a default until Congress acts

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Published : March 20th, 2017
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Concord Register/03-19-17

The U.S. hit its again on Thursday — a whopping $19.9 trillion this time — and the Treasury Department started using accounting maneuvers to buy several months to raise it to avoid a potential federal government default.

The statutory limit on borrowing has become a partisan flash point in recent years. During the Obama administration, conservatives in Congress tried unsuccessfully to include spending cuts with any debt increases.

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