The US Senate has rejected a budget bill passed (see BBC article for some decent analysis) by the Republican-led House of Representatives, with just hours left to avert a government shutdown.
The Democratic-led Senate voted 54-46 against the bill, which would fund the government only if President Obama's healthcare law were delayed a year.
If no agreement is reached by midnight (04:00 GMT), the government will close all non-essential federal services.
See this interesting BBC article on the US government shutdown, and how this isn't even the worst of it. The bigger problem is, if the Democrats and Republicans continue to disagree, then the US would breach its "debt ceiling" - that means there's a chance that the world's biggest economy could default on its debt.
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