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  • Los Angeles Times

    Republican tax bill and wildfire aid could hasten raising of the debt limit

    by Jim Puzzanghera, Los Angeles Times Jan 04, 2018 3 minutes

    WASHINGTON - The next fight over the national debt limit could happen earlier than expected.

    The Republican tax law could force Congress to act sooner to raise the nation's $20.5 trillion borrowing ceiling because less money is expected to flow into the Treasury in coming weeks.

    On top of that, the possibility of increased federal aid for victims of California wildfires and other disasters, and a budget deal that could boost military spending, would drain the Treasury faster than expected.

    Lawmakers might have to accelerate their

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