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US may default on debt by end of Feb -Official

US may default on debt by end of Feb -Official US Treasury Secretary Jack Lew has warned the US may default on its debt by the end of the month if Congress does not raise its borrowing limit. Mr Lew said he could rely on emergency measures to pay US debts after the limit is reinstated on 7 February. But he anticipated the treasury’s reserves... 
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Added February 04, 2014
from The Punch News