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US Republicans Considering Short-term Increase in Borrowing Limit

U.S. Republican lawmakers are considering a short-term increase in the country's borrowing authority so the United States does not default on its financial obligations. Speaker John Boehner, leader of the Republican-controlled House of Representatives, asked his colleagues to support the increase in the country's $16.7 trillion debt ceiling, perhaps by a big enough figure so the U.S. could borrow more to pay all its bills for the next six weeks. Key Republican leaders are then headed ...

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