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Treasury Secretary Lew: Obama not negotiating over the debt limit; Congress needs to act
Treasury Secretary Jack Lew appeared on CNBC's " Squawk Box" Tuesday. The Obama administration warned Congress Monday the U.S. could run out of money to pay its bills around mid-October if lawmakers do not move quickly to raise a limit on borrowing. The government has been bumping up against its $16.7 trillion debt ceiling since May.
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