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Must reads: Why the federal debt ceiling must be raised now and, ultimately, abolished

As Policy Watch reported earlier today, U.S. Senate Republicans -- including North Carolina's Thom Tillis and Richard Burr -- blocked an attempt by Democrats on Monday evening to begin debate on a broad bill that would avert multiple looming fiscal crises for the federal government. The measure in question would have kept the government operating past the end of the fiscal year on Thursday, increased the federal government's borrowing limit (also known as the "debt ceiling") and approved billions in aid for regions struck by extreme weather.

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