US steps back from debt cliff … for now


The United States staved off a extreme credit default on Thursday after Democrats accepted an offer from the Republicans to raise the debt limit for two months.Chuck Schumer, who leads the Democrats in the Senate, announced the breakthrough on Thursday after hours of negotiations in Congress going into the early hours of the morning.“We have reached agreement to extend the debt ceiling by early December, and it’s our hope that we can get this done as soon as today,” Schumer said.With…

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