Business daily – US Senate passes deal on short-term debt limit hike to avert default

By Nick J Adam On Oct 8, 2021

Issued on: 08/10/2021 – 11:50

After weeks of political wrangling, the US Senate has approved a bill to extend government borrowing through early December by raising the debt ceiling by about half a trillion dollars. The bipartisan deal would avoid the US defaulting on its credit obligations on October 18, though another cliff edge would come on December 3. Plus, a private airline in Ukraine has introduced a new design for its cabin crew uniform, ditching high heels and skirts in favour of trainers and trousers.

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