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Treasury sets hard Oct. 17 debt limit deadline

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Treasury Secretary Jack Lew sent a letter to Speaker John Boehner, R-Ohio, Wednesday, informing him that the federal government's debt limit must be raised before Oct. 17, or the United States government will not have sufficient cash on hand to meet all of its financial obligations. Earlier, Lew had informed Boehner that the federal government's borrowing capacity would be exhausted "in the...