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France 24
France 24
Business

Hopes rise of avoiding US default with Republican debt ceiling offer

BUSINESS DAILY © FRANCE 24

In the US, Republican senators have said they would support a short-term lifting of the government's borrowing limit, in order to avoid a damaging default on October 18. In response, the White House said on Wednesday that no formal offer had yet been made. Spokesperson Jen Psaki urged senators not to "kick the can down the road" with a temporary solution. Also today, Russia's President Vladimir Putin could increase gas supplies to Europe to alleviate a spike in prices.

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