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Gov Urges Raising of Debt Ceiling

Filed by Michael Cross in Feature, Local News, News, Politics.
July 25, 2011

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Governor Fallin is urging the nation’s leaders to come together to raise the debt ceiling.

Governor Fallin says while Washington, DC has a spending problem, the federal government cannot default on its debt.

“We all are familiar with how not addressing the debt ceiling could affect our borrowing capacity not only as a state but certainly as a nation would affect our interest rates could affect our bond ratings.”

Fallin says not increasing the debt ceiling could stop the flow of nearly $24 billion in federal money the state gets every year.

She says Oklahoma’s economy is growing, but that could change without a decision to raise the debt ceiling.

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