US Senate leaders have expressed optimism after a flurry of negotiations on raising the federal debt ceiling to avert a potentially disastrous default.
They were also nearing a deal to end a partial government shutdown, now in its third week, congressional sources said.
A budget bill would also need to pass the House of Representatives, where a faction of conservative Republicans brought on the deadlock two weeks ago.
The US must raise its $16.7tn (£10.5tn) borrowing limit by Thursday.
As he toured a soup kitchen for the poor in Washington DC on Monday, President Barack Obama warned that “defaulting would have a potentially devastating effect on our economy”.
via BBC
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza