‘Time’s up’: Deal on US debt ceiling close as default looms


A default could upend global financial markets and push the United States into a major recession.
US President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government’s $31.4 trillion debt ceiling for two years while capping spending on most programmes, news reports say.
A default could upend global financial markets…

This story appeared on aljazeera.com, 2023-05-26.
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