The 11th-hour agreement on Wednesday between Congressional Republicans and Democrats to raise the limit on U.S. government borrowing and end a 16-day government shutdown also averted a default on U.S. Treasury bonds that had threatened the global economy and financial system.
But Congress gets another chance to hold U.S. creditworthiness hostage early next year ahead of a new February 7 deadline to approve a debt ceiling increase.
US debt jumps a record $328 BILLION - Tops $17 TRILLION for first time ~ link ~ U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.
The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.
Students in Chile are demanding reforms be made to the country’s public education system. Among other things, they are fighting to be given a greater role in the decision making process in the run-up to the country's presidential election on November 17.
Indian police arrest US ship for alleged transport of weapons ~ link
World's most stunning libraries captured in new book that will leave you lost for words ~ link ~ The greatest library in the 21st Century is what you are now visiting...the Internet! Stirling