WASHINGTON — The federal debt limit must be raised by the end of March to avoid the suspension of federal programs such as state and local government series securities that municipal issuers purchase for advance refunding escrows, Treasury Secretary Timothy Geithner warned Thursday.

In another development that could potentially affect the muni market, House Ways and Means Committee chairman Dave Camp, R-Mich., said Wednesday night that the panel will make tax reform a priority issue in the 112th Congress, which is now in session.

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