By a wide margin of 314 to 117, the House has sent a debt-ceiling bill to the Senate for approval that's expected by week's end. The bill would lift the borrowing limit and keep the US out of default; details include suspending the debt ceiling into January 2025, imposing new requirements for food stamps, and backing funding for defense and veterans. The Treasury has issued a deadline of Monday, June 5 for the country's default.

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Major political events and special announcements by the global central banks can shift both the short-term and long-term outlooks for the global economy and financial markets.