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The Boston Globe


China warns US about impact on world economy

China warns US about impact on world economy

WASHINGTON — As the stalemate over government funding lingered Monday, a possible national default loomed closer, rattling markets in the United States and overseas.

A gridlocked Congress betrayed little or no urgency toward resolving either of the threats, although Senate Democrats said they were drafting a bill calling for a short-term extension of the national debt ceiling before it expires next week.

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