US debt deal hopes rise | Bangkok Post: news

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US debt deal hopes rise

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A glimmer of hope for a breakthrough flickered Friday in the fiscal impasse which has crippled Washington and threatened serious damage to the global economy. 

Senate Democrats board buses before departing the Capitol for a meeting with President Obama on Wednesday.

After more than a week of deadlock, something positive emerged Thursday when Republicans offered President Barack Obama a short term extension of the US government's borrowing authority, so as to stave off a possible debt default.

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