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Senate passes 11th-hour debt ceiling bill, heading off threat of default
The U.S. Senate gave final approval to a bill to suspend the debt ceiling, just days before today’s “X-date” when Treasury officials said the government would run out of money and default on its debts.
Experts: Arizona economy could be hit hard if default is in our stars
If the U.S. defaults on its debt, it would not be good news for anyone, but economists say it would be particularly bad news for Arizona.
Lew warns of debt-limit catastrophe; Schweikert says that’s not so
Treasury Secretary Jacob Lew warned Thursday of a “potentially catastrophic” hit to the economy if the nation reaches the debt limit next week and defaults on its obligations.
Arizona lawmakers vote overwhelmingly against successful debt-limit deal
WASHINGTON – Arizona’s congressional delegation voted overwhelmingly Monday to oppose a bill to raise the debt limit, which nonetheless passed the House by a comfortable margin and could be taken up by the Senate Tuesday.
McCain says he’ll ‘swallow hard’ and support deal
Sen. John McCain says he'll vote for compromise legislation averting a government default, although "I will probably have to swallow hard."
Arizona’s delegation could split on party lines over debt-limit vote
WASHINGTON – All five Republican members of Arizona’s House delegation have signed on to the Cut, Cap and Balance Act of 2011, a plan to deal with the nation’s debt limit that is expected to come up for a vote Tuesday.
