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Added on the 08/10/2021 09:14:50 - Copyright : France 24 EN
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
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 raise the federal debt limit, moving the country a step closer to eliminating the threat of a calamitous credit default -- just one day ahead of the deadline set by the Treasury. 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
The US Senate passes a major military aid package for Ukraine, with President Joe Biden vowing new arms supplies in the $61 billion measure will be delivered swiftly to the warzone as Russia makes battlefield gains. IMAGES
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