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federaldebtlimit

By Masao Suzuki

San José, CA – On Jan. 23, Congressional Republicans caved in and voted for a three-month extension to the Federal Debt Limit. Up until Jan.23, the Republicans in the House of Representatives had refused to raise the debt limit, raising the specter that the U.S. government would have to choose between delaying Social Security payments, Medicare payments, payments to military, and/or interest on the national debt.

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