US Congress races to avoid government shutdown and debt default – live

It’s Tuesday, and the clock is ticking toward the latest deadline – Friday 3 December – for the federal government to run out of funding.

And then we have the small matter of the debt limit, the arbitrary borrowing cap that is raised each year to prevent the US from defaulting on its debts – a move that would cause economic catastrophe. The treasury secretary, Janet Yellen, has said the US can meet its obligations till 15 December or so.

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Coronavirus | The Guardian

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