1 June 2023 at 03:23 The House of Representatives voted to approve a proposal to raise the debt ceiling A majority of the House of Representatives in the US Congress voted on Wednesday to approve a bill to raise the country’s debt ceiling. The proposal will now be considered in the Senate. The proposal must be approved before 5 June, which is the deadline for when the Ministry of Finance no longer has the funds to pay the nation’s debt. If that happens, it could trigger an economic crisis in the United States, which could have ripple effects in other countries’ economies. (NTB)
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