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Tuesday, 21 September 2021

A light in the dark? Lebanon’s new gov’t gets vote of confidence

Progress in Lebanon: Lebanon’s new government has won a vote of confidence for a raft of emergency measures designed to drag the country out of a prolonged economic crisis, compounded by severe fuel shortages — after the vote was delayed when the parliament building was hit by a power cut. The policies drawn up by Prime Minister Najib Mikati's newly-appointed government are designed to re-open talks with the IMF and other international lenders to unlock emergency assistance.

The 10-year anniversary of the US debt-ceiling crisis may well be marked with another debt ceiling crisis: Democrats are running out of options to raise the debt ceiling after Republicans refused to allow the government to borrow more money, heaping pressure on the Biden administration to avert a government shutdown and a default sometime in October, the Washington Post reports.

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