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US lawmakers find deal to avoid default until January 2025
02:48
US
US lawmakers find deal to avoid default until January 2025
The US government was just days away from a first-ever default on its sovereign debt, which could've had calamitous consequences for the world economy. After months of stalled negotiations, US lawmakers have agreed to raise the debt ceiling, in return for spending cuts. But the deal doesn't remove the threat of this kind of deadlock returning. Wilson Dizard reports.
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