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As US House Speaker Suspense Fades, Debt Ceiling Drama Surges

The presumed next speaker of the House of Representatives, Republican Paul Ryan, could be elected next week, days before a momentous deadline to avoid a potentially catastrophic U.S. debt default. The federal government hits its borrowing limit November 3, and the Obama administration is warning of dire financial and economic consequences if Congress fails to raise the debt ceiling by then.   “After November 3 we cannot borrow any more money,” U.S. Treasury Secretary Jacob Lew said...

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