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US warned over budget chaos as big cuts loom

February 27, 2013 19:45
The United States was warned Wednesday that its chaotic budget politics could lead to a new credit downgrade as the country readied for the impact of steep automatic spending cuts that begin in two days. Fitch Ratings said Washington could lose its top-flight AAA credit rating, not because of the implementation of $85 billion in an austere "sequester," but because deficit policy battles are undermining confidence in the government.

US warned over budget chaos as big cuts loom

February 27, 2013 14:46
The US was warned Wednesday that its chaotic budget politics could lead to a new credit downgrade as the country readied for the impact of steep automatic spending cuts that begin in two days. Fitch Ratings said Washington could lose its top-flight AAA credit rating not because of the implementation of the $85 billion in austere "sequester" cuts, but because the deficit policy battles are undermining confidence in the government.

UPDATE 2-US debt limit vote set for Wednesday; Obama likely to sign

January 22, 2013 14:45
* Bill allows US government to borrow until May 19 * White House, some Democrats prefer long-term solution * Republicans aim to shift focus of budget battles By Mark Felsenthal and David Lawder WASHINGTON, Jan 22 (Reuters) - A measure to extend the U.S. debt limit for nearly four months moved closer on Tuesday to a vote and the White House said the president would sign the bill if it cleared Congress, easing uncertainty that could have threatened the U.S. economy.

UPDATE 2-US House Republicans seek vote to extend debt limit to May 19

January 21, 2013 14:15
* House vote seen taking place on Wednesday * Lawmaker salaries in escrow if budget deadline missed By David Lawder WASHINGTON, Jan 21 (Reuters) - Republican leaders in the House of Representatives said they aim to pass on Wednesday a nearly four-month extension of the U.S. debt limit, to May 19.
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