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[The U.S. Republican Party is considering quickly raising the debt ceiling to weaken the Democratic Party's bargaining chip] October 2nd, U.S. Republican lawmakers are considering a plan to use the last few weeks before the end of this congressional term to quickly raise the U.S. debt ceiling. This will deprive the Democratic Party of a powerful bargaining chip to exert influence on the Donald Trump administration even if they gain a majority in Congress. Success would also remove a less likely but potentially more damaging risk to global financial markets as the U.S. federal government's borrowing authority is expected to be exhausted in the second half of 2027.
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