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Added on the 07/10/2021 18:25:20 - Copyright : AFPTV - First images
The US Senate votes to raise the federal debt limit, moving the country a step closer to eliminating the threat of a calamitous credit default -- just one day ahead of the deadline set by the Treasury. IMAGES
The US Senate votes to stave off a credit default that would have sparked a recession and roiled world markets as Democrats and Republicans agreed to a stop-gap fix to raise the nation's debt limit. SOUNDBITE
US senators vote to suspend the federal debt limit, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury. IMAGES
The US House of Representatives votes to raise the federal debt limit, moving the country a step closer to eliminating the threat of a calamitous credit default -- just five days ahead of the deadline set by the Treasury. The deeply divided lower chamber of Congress voted 314 to 117 to suspend the borrowing cap through 2024, and the Senate is expected to follow suit before the end of the week. IMAGES
Top US officer General Mark Milley says a US government default would harm the country's military, hitting readiness and morale. "There would be a very significant negative impact on the readiness, morale and capabilities of United States military if we defaulted," as well as "reputational damage internationally," the chairman of the Joint Chiefs of Staff tells journalists at the Pentagon. SOUNDBITE
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