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But meanwhile, it may have to borrow to fund operations, complains Buffalo President Harold Jackson.
FORBES: When Congress hunts for revenue, anything goes.
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When the government had to borrow billions to finance its operations, any failure to pass a budget would trigger a financial crisis.
ECONOMIST: Budgetary follies
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On Tuesday, the central bank said it is expanding its securities lending operations, allowing big Wall Street firms to borrow for longer periods and, for the first time, exchange triple-A mortgages not backed by Fannie Mae or Freddie Mac for Treasury bonds.
FORBES: Magazine Article