After a long hullabaloo, the U.S. Senators have agreed to extend the country’s debt ceiling, less than two weeks before the deadline.
The decision has put to rest the ugly outburst between Republicans and Democrats and reduced uncertainty within the financial markets.
There were fears that the U.S. would default on its national debt, with catastrophic implications not only locally but also internationally.
Democratic Senate Majority Leader Chuck Schumer made the announcement of the deal reached to extend the debt ceiling until early December.
Yvad Billings, Readers Bureau, Contributor
Edited by Jesus Chan
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