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With Treasury Secretary Geithner warning of a financial Armageddon if the debt ceiling is not raised soon, and Representative Paul Ryan insisting on the price the Administration must pay for Republican support for increasing that ceiling, it will be a stormy time ahead in Washington.
The turmoil in Washington does not stop there. This Friday, at midnight, the latest continuing resolution funding government operations expires. The consequence of Congress failing this week to agree on a budget for the remaining six months of this fiscal year, or not passing yet another temporary spending bill, is a government shutdown.
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