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Treasury: Debt limit will be reached in mid-October

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Treasury Secretary Jacob Lew expects that the Treasury will exhaust its abilities to meet the federal government’s obligations without breaching the debt ceiling in mid-October. Previously, analysts had projected that the Treasury would not run out of room under the debt limit until as late as mid-November. In a letter to House Speaker John Boehner Monday, Lew wrote that based on the latest...

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