While you were sleeping Temporary relief for US debt

Wed, 23 Jan 2013

By Margreet Dietz Jan 24 (BusinessDesk) - Wall Street extended gains after the US House voted in favour of a plan that allows the Treasury to borrow beyond the US$16.4 trillion limit until May 19 to avoid the threat of default. Republicans are seeking cuts to spending in return. "The bill we are passing today, we think, will give us the ability to have a debate that will last a number of months about contrasting visions," House Budget Committee Chairman Paul Ryan told reporters before the vote, Reuters reported. "We see this as a very defin...

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