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Tuesday, 15 October 2013 - 8:28
Video : White House debt meeting postponed
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White House talks on raising the US debt limit before it expires this week have been delayed to allow lawmakers more time to hammer out a deal.

 

Democratic and Republican lawmakers are also at loggerheads over a partial government shutdown, which is now in its third week.

 

But congressional leaders say there has been progress in their negotiations to find a way out of the impasse.

 

The IMF says a US debt default would trigger global economic turbulence.

 

On Thursday, the US must raise its 16.7 trillion dollars borrowing limit so that the nation can pay its bills.

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