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Details of U.S. Congress bill to avoid default

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The U.S. Congress late on Wednesday approved bipartisan legislation to end a federal government shutdown and raise the Treasury Department's borrowing authority.


Passage of the hard-fought measure in the Senate and House of Representatives came on the 16th day that many federal agencies were closed due to a lack of funding from Congress.

Without quick action, the U.S. government risked a default as its credit limit would have been exhausted on Thursday.

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Forum News Service
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