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Senator accuses administration of using scare tactics on debt limit

A Republican senator is accusing the Obama administration of intentionally scaring the public and financial markets over the borrowing limit. Orrin Hatch of Utah made the charge at a hearing where Treasury Secretary Jack Lew urged Congress to raise that limit by October 17th. Hatch said the administration is apparently trying to “whip up uncertainty in the markets”  and is refusing to “even have a conversation” over reducing the soaring cost of government’s big benefit programs…Read More

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