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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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Fitch puts US credit rating on negative watch

The credit rating agency Fitch has placed the USA's 'triple-A' rating on a negative watch because of the ongoing stand-off in Congress.

Explaining its move, Fitch says that although it believes the debt ceiling will be raised soon, the "political brinkmanship and reduced financing flexibility could increase the risk of a US default".

Read its full statement here

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