Congress Faces Fall Deadline to Address Debt Ceiling

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Congress Faces Fall Deadline to Address Debt Ceiling
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Congress needs to act on the debt ceiling by this fall as a suspension of the federal borrowing limit expires this weekend

Congress voted in February 2018 to suspend the borrowing limit for about a year. That limit is set to be reinstated Saturday, meaning the Treasury won’t be able to borrow more money until lawmakers suspend the ceiling again.

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