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Tag Archives: debt limit

Study: U.S. could default as early as Oct. 18

WASHINGTON — The United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government’s borrowing cap, a new study predicted Tuesday. The Bipartisan Policy Center analysis says the ...

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U.S. Treasury takes step to avoid hitting debt limit

WASHINGTON — The federal government says it will temporarily suspend sales of U.S. Treasury securities to state and local governments at noon on Friday, the first step to avoid breaching the nation’s borrowing limit. The move announced Wednesday by Treasury ...

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Md. panel recommends raising debt limit $150M

ANNAPOLIS — A Maryland panel on Monday recommended raising the state’s debt limit by $150 million in the next fiscal year. The state’s Capital Debt Affordability Committee voted 4-1 to allow the state to increase it from the current limit ...

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6th District brawl main event in House races

WASHINGTON — Candidates in Maryland’s 6th Congressional District focused their last-minute campaigning mainly on Montgomery and Frederick counties Tuesday as voters went to the polls to choose their parties’ nominees. The western Maryland district, a longtime GOP stronghold, was drastically ...

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Obama delays request for $1.2T debt limit increase

HONOLULLU — President Barack Obama is delaying his request for another $1.2 trillion increase in the nation’s debt limit at the request of congressional leaders. It’s basically because of a technicality. The White House had been ready to ask for ...

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Fed report says economy is worse in much of country

WASHINGTON — The economy worsened in much of the country earlier this summer, hampered by high unemployment, weak home sales and signs of a slowdown in manufacturing. A survey by the Federal Reserve, released Wednesday, found that weak consumer spending, ...

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Challenging Obama, House GOP unveils new debt bill

WASHINGTON — In a blunt challenge to President Barack Obama, House Republicans drafted legislation Monday to avert a threatened Aug. 2 government default — but along lines the White House has already dismissed. U.S. financial markets shrugged off the uncertainty. ...

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