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US Treasury Warns of 'Extraordinary Measures' Amid Fiscal Cliff Deadlock

US Treasury secretary Tim Geithner warned on Wednesday he would have to take "extraordinary measures" to avoid a default on the US's legal obligations as the country is set to breach its $16.4tn (£10.16tn) debt limit.

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US Treasury Warns of 'Extraordinary Measures' Amid Fiscal Cliff Deadlock