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Washington (AFP) — The U.S. trade deficit increased sharply in February as imports rose and exports fell, the Commerce Department reported Thursday.

The nation’s trade gap in goods and services with the rest of the world widened to $42.3 billion, an increase of 7.7 percent from January, according to seasonally adjusted data.

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Washington (AFP) - Democratic congressional leaders on Monday unveiled plans to suspend the nation's borrowing limit, following a White House warning of "economic catastrophe" unless that ceiling is raised.

The legislation also would fund the government through the end of the year after the current budget lapses on September 30.

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