US hits debt ceiling with 'cliff' still unresolved
- Published: 1 Jan 2013 at 06.46
- Online news: World
The US Treasury said the country would hit its debt ceiling Monday as expected, forcing it to take measures to keep funding the government while political leaders battle over the deficit.
The US Treasury said the country would hit its debt ceiling Monday as expected, forcing it to take measures to keep funding the government while political leaders battle over the deficit.
The Treasury said it would adjust its handling of civil service pension fund assets to be able to keep operating under the $16.394 trillion borrowing limit without slashing federal spending, suggesting it could do this for at least two months.
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