White House open to short-term hike in debt limit

Credit: MGN Online

White House open to short-term hike in debt limit

October 7, 2013 Updated Oct 7, 2013 at 4:30 PM CDT

Senate Democrats intend to introduce legislation to raise the nation's debt limit, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default.

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