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February 11, 2014 AT 7:45 PM
Once again, the clock is ticking on the debt ceiling, and Congress is set to vote this evening on a no-policy-attached clean bill. Treasury Secretary Jack Lew sent a letter to lawmakers last Friday, saying that he has begun to implement extraordinary measures to continue paying the country’s bills. But if Congress doesn’t raise the debt limit by February 27th, the U.S. will begin to default on its debts. Just this week it looked as though House Republicans may have come to an agreement about lifting the ceiling--so long as military pension cuts were restored.