Analysis: US debt talks stalemate

Politicians divided over how to avoid what is being described as a catastrophic event for the economy - debt default.

    Politicians in the United States are arguing over how to avoid what is being described as a catastrophic event for the economy - a debt default.

    There was a government deal to raise the country's $14.3tn debt ceiling. But now Republicans are demanding cuts in government spending in exchange for their support.

    Al Jazeera's John Terret explains.

    SOURCE: Al Jazeera


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