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Stumped by the debt ceiling? Here's an explainer

Feb 7, 2014
Basically, Congress appropriates money for projects and programs, then lawmakers have to give the executive branch permission to pay those bills.
Posted In: debt ceiling, debt limit
 

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As the Treasury Department uses "extraordinary measures" to keep the U.S. solvent for as long as possible, lawmakers will debate the debt limit at the U.S. Capitol, just a couple of miles away from Mile Marker Zero. 

 
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