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To default, or not to default? That is the question

It reached the eleventh hour, but finally the American House of Representatives agreed and passed the controversial bill increasing the debt ceiling and announcing enormous cuts to government expenditure, all in order to stop America having to default on its debts. This past week there has been extreme manoeuvring and politicking between all sides of the house to gain some kind of consensus to pass this bill in order to stop America defaulting for the first time in its existence. Click here to keep reading

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