With this legislation, the statutory limit on federal borrowing will be suspended until January 1, 2025. Mr Schumer and his Republican counterpart Minority Leader Mitch McConnell delivered on their promise to do all they could to speed along the bill negotiated by Mr Biden and Republican House Speaker Kevin McCarthy. “America can breathe a sigh… Read More »
Washington: US senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury. Economists had warned the country could run out of money to pay its bills by Monday — leaving almost… Read More »
The Greater Good. That’s the lesson of the debt ceiling deal if it passes, as expected, according to economists. Both Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell are optimistic of a quick passage before June 5, the day Treasury Secretary Janet Yellen said the country will run out of funds to pay… Read More »
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury. In this image from Senate Television, the final vote of 63-36 shows passage of the bill to raise the debt ceiling Thursday night, June 1,… Read More »
The Internet is a treasure trove of content that can bring joy and laughter. However, it also offers videos that are incredibly eerie, resembling a scene from a nightmare. For instance, take a look at this unsettling footage of a boat navigating through a vast expanse of reptiles. Boat passes through a sea of reptiles.(Twitter/@Oddly… Read More »
Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden’s desk to become law before the fast-approaching deadline. In this image from Senate Television, the final… Read More »
The Senate passed a bill to raise the government’s borrowing limit late Thursday night, sending it to President Biden’s desk with just days to spare before the government was set to run out of money to pay its obligations on June 5. The bill, which implements the deal struck by House Speaker Kevin McCarthy and… Read More »
Senate PASSES bill to suspend debt limit – Biden-McCarthy deal heads to president’s desk Home Politics Senate PASSES bill to suspend debt limit – Biden-McCarthy deal heads to president’s desk Follow Us on Google News
A rare coalition of centrist Democrats and Republicans came together on Wednesday in the United States (US) House of Representatives to pass the Fiscal Responsibility Act 2023, a legislation that suspends the debt ceiling limit for two years in exchange for spending cuts in the federal budget. House Speaker Kevin McCarthy of Calif. along with… Read More »
Stocks slipped on Thursday after the House passed a bill to raise the debt ceiling late Wednesday evening. The S&P 500 (^GSPC) slid 0.08%, while the Dow Jones Industrial Average (^DJI) fell 0.36%, or 118 points and the technology-heavy Nasdaq Composite (^IXIC) dropped 0.21%. A looming U.S. debt default, which Treasury Secretary Janet Yellen warned… Read More »
By Guardian Life 01 June 2023 | 12:16 pm Renowned Ghanaian author and playwright, Ama Ata Aidoo, known for celebrating African women and challenging Western stereotypes, has passed away at the age of 81. Through works like The Dilemma of a Ghost, Our Sister Killjoy, and Changes, Aidoo depicted and honoured the experiences… Read More »
Washington, United States: US lawmakers voted Wednesday to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington’s warring parties after weeks of brinkmanship and fraught backroom deal-making. Hammered out between Democratic President Joe Biden and the Republicans in the House of Representatives, the… Read More »
A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition from hardline conservatives and avoid a catastrophic default. U.S. House Speaker Kevin McCarthy (R-CA) walks after the House approved the debt ceiling deal he negotiated with… Read More »
The House passed legislation late Wednesday to implement the debt ceiling agreement negotiated between President Biden and House Speaker Kevin McCarthy, putting Congress on track to allow more borrowing just days before the government is expected to run out of money. The bill passed in a 314-117 vote that saw majorities in both parties support… Read More »
The U.S. cleared another hurdle in avoiding its first default, as a the House of Representatives passed compromise legislation to suspend the debt ceiling. Even as members of the far right revolted over the plan hashed out by Speaker Kevin McCarthy and President Joe Biden, the bill had more than enough votes for passage. It… Read More »
A bill seeking equal rights for women, men and persons living with disabilities has passed the second reading at the Senate. Biodun Olujimi (PDP, Ekiti South) sponsored the bill. The bill was introduced in the Senate in 2021 but was frustrated by some senators who objected that it was against the Islamic perspective and some… Read More »
Connecticut voters will have 14 days to cast their general election ballots early and in person under a bill that cleared the state Senate early Wednesday and now heads to the governor’s desk. The Senate approved the bill by a 27-7 vote. The action comes six months after voters approved a state constitutional amendment that… Read More »
The path to a deal on lifting the US debt ceiling has cleared a key hurdle. Speaker of the House Kevin McCarthy has secured a victory after the House Rules Committee voted seven to six to advance it to the floor. June 5 is the first day most experts believe the US would not have… Read More »
The debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy, R-Calif., passed a critical hurdle Tuesday night that should allow House lawmakers to vote on the agreement Wednesday evening. The House Rules Committee approved the terms of debate for the legislation by implementing that agreement in an 7-6 vote Tuesday evening.… Read More »
Renowned Malayalam actor Harish Pengan passed away at a private hospital in Kochi on Tuesday while undergoing treatment for a liver ailment. He was 49. Following Pengan’s hospitalisation, many of his colleagues in the film industry had turned to social media to request financial aid for his treatment and liver transplant. Although Pengan’s twin sister,… Read More »
Sky News host Chris Kenny says a new anti-discrimination law has been passed in New York to stop “fat shaming”. Follow Us on Google News
The Central African Republic (CAR) has passed a law that allows foreign investment in cryptocurrencies, after last year adopting Bitcoin and its own digital currency, the Sango as legal tender. A bill was passed by acclamation, National Assembly president Simplice Mathieu Sarandji announced late Monday. The law comes after the CAR — one of the… Read More »
The Congress’ lone Lok Sabha member from Maharashtra, Balu Dhanorkar, died at a private hospital in Delhi Tuesday early morning, a party leader said. He was 48 years old and is survived by wife Pratibha Dhanorkar, an MLA, and two sons. “He was admitted to a Nagpur-based hospital last week for the treatment of kidney… Read More »
Notable entertainer George Maharis as of late died on May 24, 2023, at 94 years old. He was experiencing hepatitis which in the long run prompted his end and was at his Beverly Slopes based home. Maharis earned respect for his presentation as Buz Murdock in the CBS wrongdoing show series, Highway 66. The fresh… Read More »
Formula One F1 – Monaco Grand Prix – Circuit de Monaco, Monte Carlo, Monaco – May 28, 2023 Red Bull’s Max Verstappen celebrates on the podium after winning the Monaco Grand Prix REUTERS/Piroschka Van De Wouw MONACO – Max Verstappen wrote another piece of Red Bull history on Sunday with a 39th win that sent… Read More »