Government, Greens Reach Deal On Federal Debt Ceiling By Removing It – 4 December 2013

The Australian

By DAVID CROW

THE Greens have reached a deal with the Abbott government on the federal debt ceiling in a crucial step to fund everyday services by issuing more commonwealth bonds.

The deal will remove the legislated limit on commonwealth borrowing and remove the risk that the government would run out of cash or have to launch savage spending cuts.

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