Kenyan president warns of huge consequences over debt plan failure

NAIROBI, Kenya - The ballooning debt in East Africa's economic hub of Kenya is expected to grow even more after deadly protests forced the rejection of a finance bill that President William Ruto said was needed to raise revenue. He now warns 'it will have huge consequences.'

Facing public calls to resign, Ruto said the government will turn to slashing a $2.7 billion budget deficit by half and borrowing the rest,