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    Brinkmanship in US Congress as debt ceiling looms

    euronews (in English)

    by euronews (in English)

    US Treasury Secretary Jack Lew has warned that the US will hit its debt ceiling by October 17 leaving the government with not enough cash to pay the bills.

    The government and Republicans are at loggerheads over extending the credit limit required to avoid default.

    Formally, raising the US debt ceiling posed no problems having been upped 78 times since 1960.