Economics

U.S. Said to Brief on Debt Impasse No Earlier Than Tomorrow

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Obama administration officials will brief the public no earlier than after financial markets close tomorrow on priorities for paying the nation’s bills if the U.S. debt limit isn’t raised, a Democratic Party official said.

A Treasury official said in an e-mail earlier today the department would provide more information on how the government would operate in the absence of borrowing authority as next week’s deadline approaches.