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US Debt Ceiling: Senate Takes Over as House Plans Fail
Frantic US political attempts to avert a federal debt default have pivoted back to the Senate after plans in the House of Representatives collapsed.
Upper chamber leaders resumed work overnight on a deal to raise the US borrowing limit and end a partial government shutdown.
Amid the congressional disarray, a top ratings agency warned of a possible downgrade in US creditworthiness.
The US must raise its $16.7tn (£10.5tn) debt limit by Thursday or risk default.
Politicians, bankers and economists have warned of global economic consequences unless an agreement can be reached.
The Democratic-controlled Senate took control on Tuesday night, working on a bipartisan deal that aides said would extend the federal borrowing limit until 7 February and fund the government to mid-January.
BBC
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ZIGI
October 16, 2013 at 10:20 am
O.K but tht news is of very little value 2 us.tumfweko s more interesting when it does home or community news
Tumfweko
October 17, 2013 at 10:41 pm
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cecil
October 16, 2013 at 11:38 am
Tufweko z boirin 2de!
the patriot
October 16, 2013 at 1:55 pm
What do u mean by saying it’s of no value to us, when we ar warned that it wil hav a negative global economic consequence.
maps
October 16, 2013 at 6:12 pm
atleast 4once ths z newz.
TONY REBEL
October 16, 2013 at 9:01 pm
Tumfweko tamumfwa. This is not necessary.
ChiKa
October 16, 2013 at 9:41 pm
People let’s not express ignorance here, these financial difficulties in the US can cause global crisis again. Let learn to follow such news with keen interest.
MundiaM
October 17, 2013 at 12:12 pm
Most people who blog at Tumfweko have brains of 5 year old children. How can you be uninterested in the closure of the world’s leading economy? Illiteracy is indeed a sin!