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U.S. Treasury could have less breathing room under 2014 debt ceiling

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By Jason Lange

WASHINGTON, (Reuters) - The Obama administration was able to scrape up against the government's debt ceiling for five months this year before it came to the brink of default. It could have less breathing room in 2014.

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Obama on Thursday signed into law a bill that would suspend a $16.7 trillion cap on the national debt until early February, when it will reset to whatever level the debt has reached.

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