More than £40 billion wiped from FTSE 100 as US debt ceiling talks drag on

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More than £40 billion wiped from FTSE 100 as US debt ceiling talks drag on
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Global markets have been shaken as the deadline for raising the ceiling approaches

The share index which houses the biggest companies in London has seen its value slashed by as much as £44 billion as fears finally started to escalate that the US might default on its debt.

Global markets were shaken by a widespread sell-off which gripped both sides of the Atlantic, as the deadline for raising the US debt ceiling approaches.

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