Tag Archives: Senate

The ongoing debate on funding this year’s federal obligations, including the US debt ceiling and top line spending cuts, is not over. Some economists believe that the top line figures are not satisfactory and lawmakers are still not satisfied with spending priorities.The current political circumstances in Washington are not conducive …

The US Senate voted, on Thursday, to approve a $1.7 trillion government funding bill and the related legislation is getting passed onto the House, ahead of the Friday night deadline in order to prevent partial federal government shutdown. The bill is meant to fund critical government operations and to provide …

After twenty years of failed attempts, the “No Oil Producing and Exporting Cartels” Act, NOPEC, was passed by Senate panel on Thursday in a 17:4 vote. Today, there are many things “influencing” the market purposefully, including releases from strategic petroleum reserves, which are explicitly designed to influence prices in a …

Federal Reserve Governor Lael Brainard won confirmation in the US Senate on Tuesday to be the US central bank’s next vice chair, a week ahead of a key Fed meeting where policymakers are expected to ramp up their battle against inflation with a big interest-rate hike and the start of …

Republican Senator Pat Toomey said on Tuesday that the Senate Banking Committee should not proceed with a vote on Fed nominee Sarah Bloom Raskin unless she answers questions on the Reserve Trust.“We’ve asked basic questions and she’s refused to provide answers” he said. Toomey added that if Senate Banking Committee …

The Senate passed legislation Tuesday to raise the nation’s debt limit by $2.5 trillion, one of the final steps Congress needs to take to stave off default and the economic peril that would come if the U.S. were unable to pay its bills. The bill, approved in a 50-49 vote, …

The Senate is now voting on final passage of a bill to raise the US debt limit by $2.5 trillion, which will extend the limit into 2023.The vote is taking place after a one-time, fast-track process was put in place to allow Democrats to act alone to increase the debt …

Senate Democrats on Tuesday announced they would bring up legislation to raise the debt ceiling by USD 2.5 trillion, moving to stave off the threat of a first-ever federal default until at least early 2023.The figure would allow the government to continue borrowing to finance its obligations without further action …

The Senate will vote Tuesday on legislation lifting the government’s debt ceiling to stave off the risk of a default to avoid shutdown according to Majority Leader Chuck Schumer, without mentioning how much the increase will be.Senate passage, which requires only a simple majority, would send the debt limit measure …

The US Senate voted on Thursday to advance a bill to create a fast-track process allowing Democrats to raise the federal debt limit without votes from Republicans, a crucial next step as lawmakers race the clock to avert a catastrophic debt default. A first-ever default would trigger financial disaster and …