Both chambers of the US Congress have approved a compromise bill to end the government shutdown and avert a state default.
The US ratings agency has warned that failure to raise the country's debt limit by the end of September could have worse consequences than the collapse of Lehman Brothers during the financial crisis.
It's a positive sign that the US Congress finally managed to pass a budget and end a brief shutdown. But the deal leaves the "Dreamers" hanging once again and shatters the myth that deficits matter, says Michael Knigge.
The US Congress reaching a bipartisan deal shielding hundreds of thousands of so-called Dreamers from deportation and averting a looming government shutdown promised to be tough, but doable. Then two things happened.
Republicans have indicated they are prepared to change the Senate rules to ensure that US President Trump's Supreme Court nominee, Neil Gorsuch, is confirmed. Democrats have pledged to filibuster a confirmation vote.
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