US Treasury Secretary, Janet Yellen, on Tuesday warned that failure to raise the country’s debt limit could hurt the dollar reserves level and by implication push the economy on a recessionary trend. This is even as she maintained that she still regarded October 18 as the debt limit deadline, adding that it is now up […]
Senate Republicans on Monday evening blocked new moves by the President Joe Biden’s administration to fund the government and suspend the debt ceiling, thereby making real their earlier threat to not deliver votes for a Democratic measure to raise government’s borrowing limit. At the end of the voting, 48 Senators opposed the move while 50 […]
The United State (U.S) Congress has approved a $3.5 trillion (about £2.54tn) budget blueprint, thereby setting the stage for Democrats to fund President Joe Biden’s ambitious economic agenda. The rule, which was passed on Tuesday, permits the Biden-led Democratic Party, which narrowly controls both chambers of the legislature, to move ahead with key policy proposals. […]