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US Senators Vote In Favour Of Temporary Increase In Limit Federal Govt Can Borrow

Stock image: Pixabay

Lifting the debt ceiling by approximately half a trillion dollars

US Senators have marginally voted in favour of a temporary increase in the limit the federal government can borrow - avoiding an unprecedented default for now.

A bill to lift the debt ceiling by nearly half a trillion dollars was passed by two votes.

The issue has led to fluctuations in the financial markets.

It's only a stop-gap solution, and still needs to be passed by the House of Representatives.


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