Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.The Democrats said to have backed the need to trim the top line of the …
Read More »U. S. debt ceiling debate persists as Republicans slammed by Biden
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 …
Read More »Before midnight deadline, Congress moved to avoid shutdown.
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 …
Read More »U. S. House passes bill on debt ceiling
The House of Representatives passed, Wednesday, a stand-alone legislation to suspend the federal debt limit through December 2022, but the bill will be encountered with block vows in the Senate due to solid Republican opposition.The bill has been passed on a partisan line vote of 219-212 as Speaker Nancy Pelosi …
Read More »Senate Democrats are voting on a bill to avoid shutdown
Democrats are expected to vote Wednesday on a temporary legislation that helps avoid partial government shutdown through keeping current levels of federal government funds after Thursday. The move was encouraged by top House Democrats led by majority leader Steny Hoyer who said that there were talks with Senate Democrats suggesting …
Read More »Biden endeavors to contain looming shutdown
U. S. President Joe Biden continued meeting key Senators on Tuesday in an attempt to gather flagging support for his economic plan of USD 3.5 trillion federal budget bill, which Republicans blocked yesterday.Biden also virtually meets with governors, mayors, and other state officials to discuss the bipartisan Infrastructure Investment and …
Read More »Powell to Senate: Reopening economic bottlenecks could be more enduring
Fed chair Jerome Powell will say in remarks prepared for delivery before the Senate banking committee on Tuesday that “If sustained higher inflation were to become a serious concern, we would certainly respond and use our tools to ensure that inflation runs at levels that are consistent with our goal”, …
Read More »U.S. Senate Passes Mega Infrastructure Spending Bill
The United States Senate has officially passed a bipartisan infrastructure bill on Tuesday with investments of about $1 trillion. The bill represents a major pillar in the economic agenda of the Democratic Party that enjoys a majority in both chambers of Congress and that of the Joe Biden administration, with …
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