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US debt crisis: Barack Obama signs bill to end shutdown

WASHINGTON: US President Barack Obama early this morning signed a bill into law to end a disruptive 16-day government shutdown and increase the current debt ceiling of USD 16.7 trillion to prevent the country from a debt default with potentially worldwide ...

US debt crisis can cause global financial turmoil: IMF

WASHINGTON: The IMF warned that an imminent debt default by the US due to the government shutdown would result in disruptions in financial markets and could possibly trigger global economic turmoil. "Failure to lift the debt ceiling would be a ...