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US May Avoid Last-Minute Borrowing Authority Showdown

The U.S. appears on the verge of avoiding another last-minute showdown over increasing its borrowing authority.The leader of the Republican-controlled House of Representatives, Speaker John Boehner, said Tuesday he would allow a vote on increasing the country's debt ceiling beyond the current $17.3 trillion level without attaching new spending conditions.The government's borrowing authority is set to run out by the end of February, threatening to leave the U.S. without enough money...

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