Treasury Secretary Jacob Lew leaves the Capitol after a visit on Thursday.
Alex Wong/Getty Images
October 3, 2013 In a report, the department warns that a default could do damage to the economy to rival the Great Recession.
Congress has until March 27 to pass a Continuing Resolution. If it doesn't, the government will run out of money and will likely shut down.
Manuel Balce Ceneta/AP
March 5, 2013 The continuing resolution allows Congress to carry over the previous fiscal year's budget into the next one. And if Congress doesn't pass one by March 27, the government will run out of money and likely shut down.
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September 21, 2011 House Democrats objected to Republican efforts to pay for $3.7 billion in FEMA disaster funding with offsetting cuts to an advanced technology program Democrats insisted was needed to maintain tens of thousands of auto industry jobs. The hard place was Tea Party Republicans who wanted deeper cuts than were in the bill.
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