Tag Archives: Congress

Republicans leaders have declared for months that they will not vote with Democrats to raise the debt ceiling. Top lawmakers may have found a new way for Democrats to hike the borrowing limit before 15 December, the date when the Treasury will no longer be able to pay its bills.The …

The US government could reach the maximum amount of money that the Department of the Treasury is allowed to borrow by 15 December.If Congress doesn’t act to fix that limit, known as the debt ceiling, there could be big consequences for the timeliness of government payments that the nation relies …

Bitcoin continued to slide on Thursday, trading down more than 2% and falling as low as $58,283. The most famous cryptocurrency is now very apart from its highs around $69,000, recorded on November 10.US Congress is pushing some of the most sharply divergent views on cryptocurrencies. Speaking at a Congressional …

The United States is the land of opportunity, where anyone with an idea can bring it to market. This philosophy has fueled the growth and prosperity of America and made the U.S. the global leader of innovation.America’s economic success is being threatened by proposals in Congress that will make creating …

Raising the debt limit has become more of a partisan battleground, resulting in perennial crises that threaten to undermine global faith in American markets and push the U.S. economy to the edge of recession.After raising the debt limit before default deadline, earlier this month, Congress still needs to tackle the …

U.S. government debt yields edged up Thursday, with the 10- and 30-year rates hitting their highest levels since June, as stocks advanced on a temporary debt ceinling deal by Congress and a drop in weekly jobless benefit claims. Steven Mnuchin, the former U.S. Treasury secretary, warned about the risks of …

U. S. Senators have agreed to extend the debt ceiling, less than two weeks before it was due to be reached. There were fears that the U. S. would default on its national debt, with catastrophic financial implications.Senate Majority leader Chuck Schumer said Congress had reached a deal to extend …

U. S. President Joe Biden torched Senate Republicans on Monday, calling them “hypocritical, dangerous, and disgraceful” for blocking Democrats’ efforts to renew the nation’s ability to pay its bills.Biden accused Republicans of refusing to do their job and abusing their power to prevent the administration from doing its duties of …

Money in the world’s largest economy is at risk of running dry after two weeks over latest statements by Secretary Janet Yellen saying the U. S. will hit its USD 28.4 trillion (USD 39.6 trillion) debt limit on 18 October unless a temporary funding solution is found by Congress.The stock …

Congress managed to prevent a government shutdown Thursday just some hours before midnight deadline and The U.S. will avoid a lapse in funding once Joe Biden signs it into law.The Senate and House both passed a short-term appropriations bill that will keep the government running till 3 December.The Senate approved …