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Business Matters: US Senate to raise debt ceiling again

US Senate to raise debt ceiling again

08/10/2021 GMT

BBC World Service - Business Matters, US Senate to raise debt ceiling again

Leaders in Congress's upper chamber agree to extend the borrowing limit through December.

Leaders in the American Congress's upper chamber agree to extend the borrowing limit through December, avoiding a potential default on America's debts.

Leaders in Congress's upper chamber agree to extend the borrowing limit through December - we hear the ins and outs from the Financial Times' Lauren Fedor in Washington, DC. In China, abundant steel manufacturing casts doubt on the country's green commitments, as Robin Brant tells us from Wuzhou. The boss of Kraft Heinz warns of increased food prices due to inflation and Miguel Delaney of the Independent tells us about the purchase of Newcastle United by a consortium backed by Saudi Arabia. Vivienne Nunis visits one of Africa's largest rubbish sites in Kenya, and the story of getting the Covid vaccine to Antarctica. Throughout the programme we're joined from New York by Allison Schrager, a senior fellow at the Manhattan Institute and a contributing editor at City Journal and Enda Curran, Chief Asia Economics Correspondent for Bloomberg News in Hong Kong.

(Picture: The US Capitol building. Credit:Reuters)

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