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GOP to Seek “Entitlement” Cuts as Debt Ceiling Deadline Looms

HeadlineOct 07, 2013

In addition to undoing “Obamacare,” House Speaker John Boehner and the Republicans are also seeking cuts to programs include Medicare and Social Security in the upcoming debate over raising the debt ceiling. The United States faces an October 17 deadline to raise the debt limit or fail to pay off its debts. On Sunday, Treasury Secretary Jack Lew said the shutdown is already causing major damage to the economy.

Treasury Secretary Jack Lew: “You know, every day that the government is shut down, it does real harm to the American people. And I think you have to take a step back and look at where we are as a country, as an economy. The American people have been fighting their way out of the worst recession since the Great Depression. The economy is coming back. They don’t need politics in Washington to bring the economy down.”

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