News Wrap: U.S. will ‘pay the price’ for Beijing Olympics boycott, China says

In our news wrap Tuesday, China warned that the U.S. will “pay the price” for a diplomatic boycott of the Beijing Winter Olympics. French authorities have reportedly arrested one of the suspected killers of Saudi Arabian journalist Jamal Khashoggi. The U.S. House of Representatives moved to clear the way for raising the national debt ceiling. On Wall Street, stocks surged, led by tech companies.

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