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Treasury Department's borrowing plans assume debt-limit deal


AP
 
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WASHINGTON The Treasury Department has unveiled plans to borrow $673 billion in the current quarter while employing emergency measures to keep the government from an unprecedented default on the national debt.
Treasury Secretary Janet Yellen on Monday announced a new round of measures to keep the government under the newly established debt limit, including halting investments in some pension funds for government workers.
The department said that its plans for borrowing in the July-September period assume Congress will pass either a suspension of the current debt limit or an increase in the limit. ....

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