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Added on the 15/12/2021 00:32:54 - Copyright : AFPTV - First images
The US House of Representatives votes to raise the federal debt limit, moving the country a step closer to eliminating the threat of a calamitous credit default -- just five days ahead of the deadline set by the Treasury. The deeply divided lower chamber of Congress voted 314 to 117 to suspend the borrowing cap through 2024, and the Senate is expected to follow suit before the end of the week. IMAGES
The US Senate votes to stave off a credit default that would have sparked a recession and roiled world markets as Democrats and Republicans agreed to a stop-gap fix to raise the nation's debt limit. SOUNDBITE
US senators vote to suspend the federal debt limit, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury. IMAGES
Republicans in the US House of Representatives pass a bill that will raise the national borrowing limit, but only in conjunction with drastic spending cuts, as they seek to avert a potentially ruinous looming credit default. IMAGES
US senators have reached an agreement to stave off a catastrophic credit default, after Democrats accepted a Republican offer to raise the debt limit for two months. "We have reached agreement to extend the debt ceiling through early December, and it's our hope that we can get this done as soon as today," says Chuck Schumer, the Senate's top Democrat. SOUNDBITE
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