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Treasury Secretary Jack Lew: No alternative to raising the debt ceiling

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Treasury Secretary Jack Lew appeared before the Senate Finance Committee on Thursday to warn lawmakers about the threat of economic disaster if the nation defaults and said there was no option but for Congress to raise the debt limit. Lew took on the claims of Republicans who argue that the Treasury can manage the country's bills if the limit not raised, a group derided by Sen. Chuck Schumer,...

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