09-03-2015 00:10

McConnell Vows to Avoid Another Debt Ceiling Crisis

With the fate of the federal debt ceiling once again in play, Senate Majority Leader Mitch McConnell (R-KY) on Sunday renewed his vow to avert another crisis over the Treasury’s borrowing authority. Treasury Secretary Jack Lew warned Republican and Democratic congressional leaders on Friday that the U.S. will hit its statutory debt limit on March 16, setting the stage for another potential showdown between lawmakers and the White House over spending and Obama administration policies. Raising t
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