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Waiting for Congress, Mnuchin Makes 2nd Emergency Debt Move

Treasury Secretary Steven Mnuchin said Monday he is making a second emergency move to keep the government from going above the debt limit while awaiting congressional action to raise the threshold.   In a letter to congressional leaders, Mnuchin said he will not be able to fully invest in a large civil service retirement and disability fund. Skipped investments will be restored once the debt limit has been raised, he said.   In September, Congress agreed to suspend the debt limit, allowing the government to borrow as much as it…

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New Blaze Prompts Emergency in San Diego County, California

Firefighters continued to battle several wind-fueled wildfires in southern California Friday, including a new rapidly expanding blaze that erupted north of San Diego. Over the past five days, the fires have destroyed at least 500 structures and forced about 190,000 people to evacuate their homes, officials said. More than 5,700 firefighters, accompanied by helicopters, are spraying and dumping water and fire retardant to slow the spread of six large wildfires and other smaller blazes that have erupted since Monday. The fires, stoked by relentless westward Santa Ana winds, are torching…

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US Congress Passes Emergency Spending Bill

Congress has passed an emergency spending bill to fund the federal government for two more weeks, avoiding a partial shutdown that would have taken effect Friday night.  Thursday’s 235-193 vote in the House split mainly along party lines. The Senate later passed the bill 81-14 and sent it to President Donald Trump for his signature. The stopgap spending measure will give congressional leaders a couple more weeks of breathing room to work with the White House and produce a final spending bill for the rest of the fiscal year.  Before Thursday’s votes,…

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