US lawmakers on track to head off default with debt bill ...Middle East

WASHINGTON: US lawmakers were set to vote Wednesday on an 11th-hour deal to raise the national borrowing limit and avert a potentially catastrophic credit default, struck between Washington’s warring parties after weeks of nervy, high-stakes negotiations.The Fiscal Responsibility Act, hammered out between Democratic President Joe Biden and the Republicans, suspends the debt limit through 2024, slightly cutting government spending next year.Capping a tense few days on Capitol Hill -- with the Treasury expecting to run out of the money as early as Monday -- the House of Representatives was expected to vote around 8:30 pm (0030 GMT Thursday), well after the markets close.The measure is expected

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