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Camp Predicts Debt Ceiling Increase, Urges Tax-Code Overhaul

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House Ways and Means Committee Chairman Dave Camp said Congress will raise the $14.3 trillion debt ceiling before the government runs out of cash Aug. 2.

“I think it’ll have to have the spending reductions and some of the structural reforms that we’ve been looking for,” Camp said in an interview today on “Political Capital with Al Hunt” airing on Bloomberg Television this weekend.