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July 17th, 2011
11:17 AM ET

WH Budget Chief: Time to act is now

White House Budget Director Jacob Lew says it's progress that both sides agree that the debt ceiling must be raised. Lew: "There might be a fringe who believes that playing with Armageddon is a good idea, but I don't think that's where the majority will be."
Filed under: Budget • Debt Ceiling • Jacob Lew • Newsmakers • State of the Union
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