CANBERRA—Australia’s conservative government reached a deal with the influential Greens party to scrap the country’s 300 billion Australian dollar (US$272 billion) debt ceiling in return for more transparency on government borrowing, neutralizing an issue that had unsettled financial markets.
The deal after two days of closed negotiations gave Prime Minister Tony Abbott a crucial first victory in his dealings with the fractious upper house Senate, which stands in the way of his September election promises to unravel…
The rest is here: Australia Reaches Deal on Debt Ceiling
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