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27 Apr 23
A bill passed by the House of Representatives to lift the debt limit and cut future spending has “no chance” of becoming law, the US president’s spokesperson has said.
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5 Oct 21
A failure to increase or suspend the US debt limit could lead to negative credit rating actions, according to ratings agency Fitch.
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3 Aug 21
Treasury secretary Janet Yellen has begun steps to prevent the US federal government borrowing above its legal limit, which came back into force on Sunday after a two-year suspension.