U.S. Congress enters crucial week in battles over budget, debt limit
Richard CowanWASHINGTON (Reuters) - As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked U.S. Congress also confronted an October 17 deadline to increase the nation's borrowing power or risk default.
The last big confrontation over the debt ceiling, in August, 2011, ended with an eleventh-hour agreement under pressure from shaken markets and warnings of an economic catastrophe if a default were allowed to occur.
A similar last-minute resolution remained a distinct possibility this time as well.
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"U.S. Congress enters crucial week in battles over budget, debt limit ", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), juillet 2013. Consulté le 02/10/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/u-s-congress-enters-crucial-week-in-battles-over-budget-debt-limit-