Detailed text transcripts for TV channel - FOXNEWS - 20130730:22:09:00
Ceiling, currently $16.7 trillion. budget rules allow treasury to use so-called extraordinary measures to create wiggle room in national debt accounts. they let treasury keep selling securities and raise cash temporarily. for example, treasury can cut back funding pension and health programs for federal retirees, and can suspend investments in a special foreign exchange fund. but the administration got a little help this time from fannie mae when in june the mortgage giant repaid it more than $60 billion from its government bailout. when treasury bumped up against the debt ceiling in may, it t...
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