Wednesday, 6th July 2022
<To guardian.ng
Search

US lawmakers vote to raise debt ceiling in 11th-hour deal to dodge default

By France24
16 December 2021   |   3:24 pm
Lawmakers in the United States have voted to raise the government's borrowing limit by $2.5 trillion, narrowly avoiding a catastrophic default. The Senate passed the measure 50-49. The new debt ceiling will give the US government enough space to borrow until 2023, after the midterm elections. Focus in Washington will now return to whether President Joe Biden can get his $1.75 trillion social spending plan, "Build Back Better", passed by the end of the year.

Related

11 Aug 2021
A controversial media bill is set to be debated and voted on in parliament Wednesday. Critics say the amendment to the country's media law could bring Poland closer to a situation like in Hungary.
17 Aug 2021
Barcelona, Spain, Aug 16 (EFE).- FC Barcelona has debts totaling 1.35 billion euros ($1.6bn) and its economic situation is “worrying,” the club’s president Joan Laporta confirmed Monday, a week after the Catalan giants had to let go of star player Lionel Messi due to financial woes.
20 Aug 2021
The election monitoring group Golos has been added to a list of organizations with foreign backers. The move comes a month before Russia's parliamentary vote.
26 Aug 2021
Democrat lawmakers ended a stalemate on advancing a mutlitrillion dollar spending framework, which aims to improve infrastructure and expand social programs.
9 Sep 2021
Angela Merkel took a rare foray into partisan campaigning in parliament in a session just weeks ahead of national elections. Merkel not only lauded her own government's record, but also took aim at the poll leader.
9 Sep 2021
US Treasury Secretary Janet Yellen has warned the US government will run out of money next month. She called on Congress to raise the debt limit in a letter to House Speaker Nancy Pelosi.
20 Sep 2021
Germany’s top court decided in 2019 that adults who have legal guardians should no longer be barred from taking part in elections. Now many of them will do so for the first time.
23 Sep 2021
Libyan lawmakers are split over the unity government, but also over the question of whether the latest no-confidence vote was valid. The row raises questions about a UN-backed election.
27 Sep 2021
Swiss same-sex couples have won the right to marry after voters overwhelmingly backed its legalization in a referendum. The vote was brought about by conservative politicians opposed to LGBTQ+ marriages.
27 Sep 2021
Germany's CDU-CSU alliance should be relegated to the opposition benches, Olaf Scholz, who led his Social Democratic Party to a narrow election win over the conservatives, says.
10 Oct 2021
Congressional Republicans' refusal to vote alongside Democrats to raise the debt ceiling is "reckless and dangerous," US President Joe Biden says in a speech from the White House.
8 Oct 2021
In recent days, two former African presidents have been the targets of fake news. In DR Congo, a photo of Joseph Kabila has been circulating with the claim he stood alongside the former head of the rebel group ADF, which has links with the Islamic State group. Another video, meanwhile, purports to show a crowd of supporters of Alpha Condé gathering in Paris... although the man they are shouting in support of is not the ousted Guinean president and it wasn't filmed in Paris at all.