US Debt Vote Delayed
Published / Last Updated on 28/07/2011
US Debt Vote Delayed.
A vote on a Republican bill to raise the debt ceiling, cut spending and prevent default has been delayed. The US Treasury have warned the government will run out of money to pay its bills unless a $14.3tn (£8.7tn) borrowing limit is increased by 2 August.
According to International Monetary Fund chief Christine Lagarde, if the debt ceiling was not increased, it could have an impact on the US dollar.