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Treasury Secretary Lew: U.S. Economy Facing 'Irrevocable Damage'

Credit: MGN Online

Treasury Secretary Lew: U.S. Economy Facing 'Irrevocable Damage'

October 10, 2013 Updated Oct 10, 2013 at 12:15 PM EDT

U.S. Treasury Secretary Jacob Lew on Thursday urged Congress to raise the government's borrowing limit before October 17, warning that a Republican idea to prioritize payments could cause "irrevocable damage" to the U.S. economy.

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