Payroll-tax deal brings nation closer to another debt-ceiling battle

02/21/2012 | Hill, The

The extension of payroll-tax cut has hastened the coming of another debate over the debt ceiling. "Anything that adds to the debt means that it moves the deadline up," said Maya MacGuineas of the Committee for a Responsible Federal Budget. But Treasury Secretary Timothy Geithner said the nation isn't expected to reach the debt limit until "significantly after the end of the fiscal year."

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Hill, The

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