The US edges closer to a devastating default

Republicans and Democrats are deadlocked over competing plans to raise the debt ceiling.

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Japan’s reconstruction may take a decade

The government hopes to complete most of the reconstruction over 5 years, at a cost of $243 billion. But it will take 10 years to complete the process.

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Oil might head even higher

The biggest bet in the oil market has become a 20% increase to $120 by the end of the year, as global growth drives demand for raw material.

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