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That has to be raised every once in a while. its something the speaker of the house john boehner said if we didnt raise it, would bring a financial disaster both in this country and around the world. it could be a catastrophic failure form united states economy if we didnt raise sglit senator jeff sessions, the top ranking republican on the budget committee said hell take up the issue of the debt ceiling to seek further cuts to spending. >> the president just cant waltz in and say were going to ...