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The measure, which raises the limit by $2.5tr (£1.9tr), comes days before a potential US default.
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Scooped by Graham Watson |
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Small, but significant story with Congress voting to raise the US debt limit and thus avoid a potential US default, and the unedifying sight of the US government grinding to a halt. It was feared that not being able to conclude this deal might trigger a recession.
Apparently, it's a one-time only rule change. As it has been on previous occasions too.