Debt-Limit Deal Sets Up Tough Battle for Passage in Congress
Getting a US debt-limit deal is one thing. Overcoming entrenched political divisions and time-consuming procedural hurdles to pass
2023-05-28 10:19
Debt ceiling deal reached between Biden and McCarthy
President Joe Biden and House Speaker Kevin McCarthy have reached a tentative agreement to avert a catastrophic and unprecedented default on America’s sovereign debt, ending a monthlong standoff that threatened the US and global economies. The White House said Mr Biden and Mr McCarthy spoke by phone for roughly 90 minutes late Saturday. The president also spoke with Democratic congressional leaders as the talks between the White House and the Republicans who control the House of Representatives entered final stages after days of back-and-forth over GOP demands to add work requirements for food assistance and other programs meant to help lower-income Americans. One source familiar with the matter described the president and the House Speaker as having come to an “agreement in principle” that would limit federal spending while raising the nation’s statutory debt limit by an amount large enough to keep the issue off the table through the November 2024 general election. More follows...
2023-05-28 09:27
White House, Republicans Reach Deal to Avert US Default
White House and Republican negotiators reached a tentative deal to raise the US debt ceiling and avert a
2023-05-28 09:18
Modi to Unveil New Parliament, Reshaping India’s Power Center
India’s corridors of power are getting a makeover — part of Prime Minister Narendra Modi’s efforts to cement
2023-05-28 08:53
Erdogan Seeks to Seal Victory in Run-Off for Turkish Presidency
Turkish President Recep Tayyip Erdogan is aiming to drive home an election victory to extend his rule well
2023-05-28 08:20
Bulgarian Government Deal Hits the Rocks Over Leaked Wiretaps
Bulgaria’s long-awaited coalition deal may face collapse, prolonging a years-long political crisis, as the Balkan country’s biggest party
2023-05-27 23:49
Serb President Steps Down as Party Leader Amid Swelling Protests
Serbian President Aleksandar Vucic stepped down as the head of his political party in a concession seen as
2023-05-27 22:18
Debt limit negotiators race the clock to finalize debt deal as risk of default grows
White House and House GOP negotiators are racing to finalize a deal to raise the nation's debt limit as early as Saturday with time running perilously short and the risk of a first-ever US default growing.
2023-05-27 20:57
Why it's so hard to pinpoint the X-date, when the US defaults
For weeks, Treasury Secretary Janet Yellen has been consistently telling lawmakers to act soon because the X-date, when the US could default, could occur as soon as June 1. Now, with June 1 days away, everyone is hoping for a reprieve and that the X-date will slip.
2023-05-27 20:28
China to Strengthen Semiconductor Cooperation With South Korea
China said it has agreed with South Korea to strengthen dialogue and cooperation on semiconductor supply chains, amid
2023-05-27 17:22
Poland to raise minimum wage twice in 2024, minister says
WARSAW Poland plans to raise the minimum wage twice in 2024 to help people cope with high inflation,
2023-05-27 16:20
UK Army Officers Forced Electric Shock Treatment on Gay Soldiers
Gay British soldiers were subjected to electric shock treatment in an effort to “cure” them of their homosexuality,
2023-05-27 16:19