Tag: US Congress
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Senate Avoids A US Debt Disaster; Votes To Extend Borrowing
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The Senate has dodged a U.S. debt disaster, voting to extend the government’s borrowing authority into December and temporarily averts an unprecedented federal default that experts warned would devastate the…
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Debt Ceiling vs. Government Shutdown: How They’re Different and Why They Matter
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KEY POINTS Congress faces two massive tasks over the next month: funding the U.S. government and increasing the debt ceiling. The federal government’s fiscal calendar runs from Oct. 1 to…