(Sept 11): US President Donald Trump has struck an agreement with the Democrats to provide for a short-term increase in the US$19.8 trillion ($26.6 trillion) debt ceiling. By extending the limit for another three months to Dec 15, the US government — which has been borrowing to fund its spending — avoids a default and can continue to function. This also means victims of Hurricane Harvey can benefit from more US government aid.
With the risk of a government shutdown abated for now, investors in US markets sent the major indices up on Wednesday, Sept 6, reversing a drop from the previous day. The Dow Jones Industrial Average closed on Sept 6 at 21,807.64 points, or 0.25% higher. The Standard & Poor’s 500 index was up 0.31% to close at 2,465.54 points, and the Nasdaq Composite Index gained 0.28% to close at 6,393.31 points.