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House passes bill to prioritize US payments to bondholders and Social Security recipients
The GOP-controlled House voted Thursday to put U.S. bondholders and people on Social Security at the front of the line to be paid if the government hits its borrowing limit.The move comes as Republicans are grappling with the hot-potato issue of raising the government’s borrowing limit later this year, one of the few must-do items on a dysfunctional Washington’s agenda this year. Read more…
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