The US is not the only country to impose a debt ceiling, but it is the only country to face brinkmanship on the issue.
Whenever the United States approaches its debt ceiling, Americans and the rest of the world seem to expect catastrophic consequences.
Congress often has to vote to raise or suspend the amount the government owes to pay its bills or risk a historic default.
Politicians passed a bill to suspend the $31.4 trillion debt limit, after a tough political battle. However, neither the Republicans nor the Democrats got everything they wanted.
Elsewhere, the European powerhouse fell into recession. Could Germany’s economic slowdown drag down the entire continent?
Additionally, we look at Nigeria’s “game-changer” oil refinery.