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Spending bill’s passage sets stage for debt fight

Bipartisan passage of a $1.1 trillion bill to finance the U.S. government through Sept. 30 clears the way for lawmakers to focus on the next potential fiscal showdown: Raising the federal debt ceiling.

By Kathleen Hunter | Updated on January 17, 2014
House Speaker John Boehner of Ohio pauses while meeting with reporters on Capitol Hill in Washington, Thursday, Jan. 16, 2014. (AP Photo/J. Scott Applewhite)

Jan. 17 (Bloomberg) — Bipartisan passage of a $1.1 trillion bill to finance the U.S. government through Sept. 30 clears the way for lawmakers to focus on the next potential fiscal showdown: Raising the federal debt ceiling.

Congress as soon as next month will be confronted with the need to increase borrowing authority, risking a repeat of the partisan discord that last year and in 2011 took the U.S. to the brink of default.

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