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Treasury Moves Up Debt Limit Deadline

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The U.S. Treasury “will exhaust by Nov. 3 certain emergency cash-management measures — and risks running out of cash shortly thereafter if the federal borrowing limit isn’t raised by Congress,” the Wall Street Journal reports.

“The latest estimate moves forward the point at which the Treasury says it could fund the government’s operations on daily cash flow, raising the risk that it would be unable to make full payments to federal workers, soldiers, pensioners or bondholders.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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