Thursday 21 October 2021
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scmp - 8 days ago

Congress punts US debt limit crisis into December

This story is published in a content partnership with POLITICO. It was originally reported by Caitlin Emma and Jennifer Scholtes on politico.com on October 12, 2021.The Democratic-controlled House of Representatives approved a bill on Tuesday to briefly alleviate the squeeze of the US debt limit, warding off an economically destructive default for just over seven weeks.President Joe Biden is expected to sign the legislation in short order, allowing the Treasury Department to keep paying loans…


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