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U.S. expected to hit borrowing limit as fight to raise debt ceiling intensifies

04:31

As lawmakers on Capitol Hill fight over whether to raise the federal debt ceiling, the U.S. is expected to hit its borrowing limit of nearly $31.4 trillion on Thursday. NBC News’ Julie Tsirkin explains what steps are being taken to make sure the U.S. can still pay its bills and whether Democrats and Republicans will be able to find common ground over federal spending.