US Senate Approves Fiscal Deal, Averts Debt Default Threat

US Senate Approves Fiscal Deal, Averts Debt Default Threat.

The agreement extends the US borrowing limit until 2025 and imposes new restrictions on government spending for the next two years.

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This introduces greater fiscal policy constraints in the United States until after the upcoming presidential election.

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The US Senate vote concludes weeks of intense negotiations and discussions between President Biden’s team.

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