Congress fail to break debt deadlock
Lawmakers did not obtain a budget breakthrough on Sunday and as an alternative worked on rival plans in an impasse that heightened prospects for the catastrophic debt fault.
With time working out, Republican and Democratic lawmakers break up into opposite camps and held talks between on their own. There were no indicators of the offer rising to head off a default in 9 days that might set off global financial calamity and downgrade America’s Triple-A credit rating.
After weeks of rancorous talks, finger-pointing and political point-scoring, the two sides appeared additional apart than in the past on a broad deficit reduction offer that may clear the way for Congress to raise the $14.3 trillion debt ceiling.
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