Debt ceiling, government shutdown battles simmer in summer recess | Fox News: The Washington dance of flirting with fiscal catastrophe intensified this week, as the Obama administration warned House Republicans that a deal on increasing the federal debt limit may have to come sooner than expected.
The warning came in a letter from Treasury Secretary Jack Lew to House Speaker John Boehner, who along with other members of Congress is still on summer recess and not expected to return until early September. That leaves little time to deal with two looming deadlines that have not yet been addressed.
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