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The U.S. House of Representatives has passed a bill to lift the government's 31.4 trillion U.S. dollars debt ceiling. It's a major step to avoid a destabilizing default early next week. The bill for the Fiscal Responsibility Act of 2023 now heads to the Senate before its signing by President Joe Biden. Independent political and economic affairs commentator Einar Tangen says the loan pressure on developing countries could ease, but depressed global demand would negate any gains.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466