Legislators in the United States have reached a deal to avert what experts say would be catastrophic credit default, just days before the country faces the prospect of not being able to meet its debt repayment obligations.Party leaders on Tuesday said senators had agreed to create a one-time law that will allow Democrats to raise the nation’s borrowing limit with just a simple majority vote in the 100-member Senate.The Democrats hold 50 seats in the Senate, with Vice President Kamala Harris, a Democrat, able to vote in the case of a tie.
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