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Obama won't negotiate on debt limit, Treasury Secretary Lew says

Obama won't negotiate on debt limit, Treasury Secretary Lew says

WASHINGTON -- President Obama will not bargain with lawmakers about attaching conditions to an increase in the debt limit, saying Congress has the responsibility to ensure that the nation's bills are paid and the government doesn't default, Treasury Secretary Jacob J. Lew said Tuesday. "The president’s been very clear we are not going to be negotiating over the debt limit," Lew told CNBC a day after formally notifying Congress that the federal government would run out of borrowing authority in mid-October. "Congress has already authorized funding, committed us to make expenditures," he said. "We’re now in the place where the only question is...

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