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The Treasury Department is seen near sunset in Washington, Wednesday, Jan. 18, 2023. The Treasury Department projects that the federal government on Thursday will reach its legal borrowing capacity, an artificially imposed cap that lawmakers have increased roughly 80 times since the 1960s. Markets so far remain calm, as the government can temporarily rely on accounting tweaks to stay open. (AP Photo/Jon Elswick)

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US Treasury buys time for Biden and GOP on debt limit deal
January 23, 2023 8 a.m.

US Treasury buys time for Biden and GOP on debt limit deal

The Treasury Department says it has started taking "extraordinary measures" as the government has run up against its legal borrowing capacity of $31.381 trillion.