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Senate agree US debt bill

The US Senate has passed a bill to raise the debt ceiling and avoid a potential default. It will now be sent to the House of Representatives for a final vote. President Obama has said he will sign the bill "immediately" after the House vote.

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  1. Robert Moore

US debt deal 'would be a ceasefire not a peace treaty'

As we enter the third week of this budget crisis, there are some pretty encouraging signs that a deal may be struck that would both reopen the government and raise the debt ceiling - but what a tortuous process this has been.

Congressional leaders were expected to meet the President just a couple of hours ago and that meeting has been postponed indefinitely.

US President Barack Obama had been due to meet congressional leaders today. Credit: Krista Kennell/ABACAUSA.COM

Even if a deal is struck, we're only talking about a temporary deal here, about the government being open for another three month and for the debt ceiling to be raised for another four months while more longer-term negotiations go on.

We're talking a ceasefire here not a peace treaty.

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