People's Daily Online
The most important newspaper in China, the People's Daily, has urged politicians in the United States to put aside politics and avoid a debt crisis from developing into another financial disaster for the world.
Racing the clock to avoid a government default, US President Barack Obama and Republican congressional leaders closed in Sunday night on a compromise deal to permit vital U.S. borrowing by the Treasury Department, in exchange for more than $2 trillion in long-term spending cuts.
Republican leaders in the Senate and Congress told reporters that they and the White House are now "really, really close” to an 11-hour deal to avoid the country from a debt default . . . . . . .
Racing the clock to avoid a government default, US President Barack Obama and Republican congressional leaders closed in Sunday night on a compromise deal to permit vital U.S. borrowing by the Treasury Department, in exchange for more than $2 trillion in long-term spending cuts.
Republican leaders in the Senate and Congress told reporters that they and the White House are now "really, really close” to an 11-hour deal to avoid the country from a debt default . . . . . . .
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