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U.S. Treasury Secretary Jacob Lew said on Thursday that the U.S. government will run out of cash if the federal borrowing limit will not be raised because emergency cash-management measures will be exhausted by November 03.
"We do not foresee any reasonable scenario in which it would last for an extended period of time," he said in a letter to U.S. Congress.
The emergency measures currently total $18.1 trillion.
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