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Mission impossible: US default averted

Business Line

Mission impossible: US default averted


The US Congress has pulled the world’s biggest economy back from the brink of an historic debt default which could have triggered a global economic earthquake.

After a 16-day impasse, President Barack Obama signed an eleventh-hour deal.

The crisis is over for now. But the deal only suspends the US debt ceiling for a few months, before more legislation will be needed.

In Portugal the budget for 2014 didn’t cause that level of high drama, but it could still be challenged by the country’s constitutional court which has exercised its veto in the past.

Nejra Cehic from Bloomberg joins euronews in this edition of Business Weekly to focus on those topics.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

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