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US poised for 'extraordinary measures' as debt limit looms
US poised for 'extraordinary measures' as debt limit looms
Business and Economy
by  AFP

The US Treasury could start taking "extraordinary measures" Thursday to prevent a default on government debt, as Congress heads towards a high-stakes clash between Democrats and Republicans over raising the borrowing limit. They argue that radical cuts are needed to reduce borrowing, which Congress has generally agreed to increase each year -- raising the so-called debt ceiling.