Studio discussion: Is US debt agreement reachable?

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For more on the US economy, we are joined by William Hess, Managing Director from China Analytics in Beijing. Thanks for joining us.

1. US Representatives have passed legislation to cut federal spending by 6 trillion dollars in exchange for a 2.4 trillion dollar increase in the nation's borrowing cap. How will this affect talks between Republicans and Democrats?

2. How likely is it that an agreement will be met before the deadline of August 2nd? If lawmakers fail to reach an agreement, what will be the worst case scenario in the US?

Thank you indeed. William Hess, Managing Director from China Analytics.

Editor:Zhang Jingya |Source: CNTV.CN
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