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US lawmakers close to $3 tn debt deal to avoid default

Last Updated: Sunday, July 31, 2011, 21:42

US lawmakers were close to a last-gasp $3 trillion deal on Sunday to raise the US borrowing limit and assure financial markets that the United States will avoid a potentially catastrophic default.

For every H-1B visa, US tech companies hire 5 workers: NASDAQ

Last Updated: Friday, July 29, 2011, 11:31

Refuting the allegations of US lawmakers and certain quarters here that H-1B visas take away jobs from Americans, NASDAQ's chief has claimed that studies show that for every H-1B visa, technology companies increase employment by five workers.