Will the United States default on its debt? -- that's the question spooking the Group of 7 (G7) nations at the moment. A potential default could trigger unprecedented consequences for the world economy, which is worrying the grouping.

US debt limit crisis spooks other G7 member nations

The US Senate approved legislation to temporarily raise the federal government's $28.4 trillion debt limit and avoid the risk of a historic default this month.

US Senate approves debt limit hike to avoid default

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US debt limit crisis spooks other G7 member nations

US Senate approves debt limit hike to avoid default