3-month reprieve on US debt | Bangkok Post: news

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3-month reprieve on US debt

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WASHINGTON - US lawmakers are gearing up for a tough budget battle after Republicans agreed to a three-month increase to the US debt ceiling, but with strings attached. 

The Republicans said extensions of the government's borrowing authority were conditional on steep spending cuts.

The Republican-led House of Representatives will vote next week on the temporary measure, Majority Leader Eric Cantor said.

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