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| WASHINGTON
Congress has given the government more room to borrow, preventing what would have been the first default by the US Treasury Wednesday. Lawmakers approved a bill late Tuesday night that raises the federal debt ceiling to a record $3.12 trillion for the remainder of the fiscal year that ends Sept. 30, from $2.8 trillion currently.
This will allow the Treasury to issue $40 billion in bonds that had been postponed pending the bill's approval.
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