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Nigeria s Senate approves bill to raise government borrowing from central bank

Nigeria's Senate amended a law on Saturday to allow the federal government to borrow more money from the central bank, just days before incoming President Bola Tinubu takes office.

Treasury s Yellen says June 5 is last date for debt ceiling to be raised

U.S. Treasury Secretary Janet Yellen on Friday set a deadline for raising the federal debt limit, saying the government would default if Congress does not increase the $31.4 trillion debt ceiling by June 5.

Debt ceiling negotiations push toward critical default deadline

Any deal in principle between President Biden and top congressional Republican Kevin McCarthy will be the start of what could easily be a week-long process of shepherding legislation through the narrowly and bitterly divided Congress.

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