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Video: Obama's Statement on Shutdown (w/ Questions)

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lawhawk10/08/2013 11:36:52 am PDT


Let’s also remember that the Treasury can’t prioritize debt; it’s not set up that way. It’s all FIFO. As debt obligations come due, they’re paid in the order received. The Treasury isn’t set up to handle payments any other way, and it would be damaging to the process to boot.