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News-Sentinel.com Your Town. Your Voice.
Opening Arguments

Borrowing trouble

Why we need a lot more Mike Pences in Congress:

U.S. Treasury Secretary John Snow warned lawmakers on Thursday that a legally set limit on the government's ability to borrow will be hit in mid-February and urged Congress to raise it quickly.

Failure to do so potentially risks throwing the country into its first default in history, Snow warned in what has become virtually an annual rite as U.S. borrowing needs spiral.