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Analyzed News: default

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Articles in topic default

Russia could default on its debt within days

• Russia is trying to install pro-Kremlin officials in occupied cities, but Ukrainians are fighting back • Russia has requested military and economic assistance from China, US officials say • Opinion: What keeps China from stopping Russia's war

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House to vote to extend debt ceiling through early December

The House of Representatives is expected to vote Tuesday to extend the nation's debt limit through early December after the Senate approved a stopgap measure last week in a bid to avert a catastrophic default and economic disaster.

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Opinion: The debt limit is still a ticking time bomb

After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a potential default looming in less than two weeks. But the solution merely moves the new fiscal cliff to December, aligning the deadline with other imminent crises, like a potential government shutdown if a new funding bill is not enacted.

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US dodges potential financial Armageddon for now

The Senate voted along party lines to raise the debt ceiling on Thursday, authorizing $480 billion in borrowing that avoids a looming US government default but sets up another showdown in early December.

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Opinion: Mitch McConnell blinked

Mitch McConnell blinked. As business leaders and officials warned of the grave harm a US default on debt could trigger, the Senate minority leader finally offered to provide Republican votes for a short-term suspension of the debt ceiling.

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5 ways to save the economy and raise the debt ceiling

Everyone seems to agree the US debt ceiling should be raised to pay for tax cuts and spending the government has already approved -- and to avoid the economic calamity that would likely result from a US default.

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Goldman Sachs warns of a 'real risk' that US could default

Concern is rising on Wall Street over Washington's debt ceiling game of chicken. Goldman Sachs warned clients on Wednesday that Congress may fail to raise or suspend the debt ceiling prior to the October 18 deadline.

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Democrats explore new options to raise debt ceiling amid deepening standoff with GOP

Democratic senators are scrambling to find a way to avert a potential debt default as soon as next week amid a high-stakes standoff with Republicans -- and are privately discussing whether it's possible to change Senate rules so the borrowing limit can be raised by a simple majority vote, according to multiple sources at closed-door sessions.

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White House explored making payments after debt-ceiling breach

Senior White House officials explored whether the US could unilaterally continue payments should the debt ceiling be breached in mid-October but ultimately concluded it would not be possible to avoid default and economic catastrophe, a person with direct knowledge of the matter tells CNN.

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