As debt limit reached, agreement still far off

Vince Coglianese Contributor
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The U.S. government is expected to hit the $14.294 trillion debt ceiling Monday, setting in motion an uncertain, 11-week political scramble to avoid a default.

The Treasury Department plans to announce Monday it will stop issuing and reinvesting government securities in certain government pension plans, part of a series of steps designed to delay a default until Aug. 2.

Full Story: As Debt Limit Reached, Agreement Still Far Off – WSJ.com