Bureau of Public Debt

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Debt Limit Debacle's Tab: $1.3B
 Debt Limit Debacle's Tab: $1.3B 
GAO report

Debt Limit Debacle's Tab: $1.3B

Treasury maneuvering cost taxpayers dearly

(Newser) - Last summer's debt ceiling showdown cost taxpayers at least $1.3 billion in increased borrowing costs, the Government Accountability Office said in a report released yesterday. Legislators' game of brinkmanship spooked investors, driving up the cost of government borrowing. It also forced the Treasury to perform some financial gymnastics,...

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