Washington | The House of Representatives passed a deal to suspend the US debt ceiling on Wednesday (Thursday AEST) just days before the country runs out of money, after a coalition of Democrats and Republicans overcame fierce opposition from hardline conservatives.
The House voted 314-117 in favour of the deal to lift the $US31.4 trillion ($48 trillion) debt ceiling, following marathon negotiations between the White House and Republicans to head off a default that threatened to cripple the US economy and unsettle world financial markets.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
