US debt ceiling deal: what has to happen now to get it passed?

The US Congress faces days of intense activity as it tries to pass a deal to avert a catastrophic default on the country’s debt. The United States has days before it runs out of time to pay its bills and avoid a first-ever national default. Washington lawmakers are scrambling to push through a deal that would temporarily suspend the US debt limit, averting a potential disaster for the domestic and global economy.

The debt ceiling, which caps the amount of debt the US can hold, currently sits at $31.4tn. The US hit that limit in January. Since then, the treasury […]

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By Donato