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List of All Articles with Tag 'li'

Amanda Seyfried says Elizabeth Holmes' sentence is 'fair' as former exec reports to prison
Amanda Seyfried says Elizabeth Holmes' sentence is 'fair' as former exec reports to prison
As Elizabeth Holmes reported to prison on Tuesday, Amanda Seyfried shared her thoughts on the disgraced Theranos founder's sentence.
2023-05-31 09:28
Debt limit agreement clears first hurdle despite Republican anger. Here’s what happens next
Debt limit agreement clears first hurdle despite Republican anger. Here’s what happens next
The bipartisan agreement to raise the debt limit cleared a key hurdle on Tuesday evening despite vehement criticism from many House Republicans. The House Rules Committee voted 7-6 to advance the legislation that codifies the bipartisan agreement struck between House Speaker Kevin McCarthy’s team and negotiators from President Joe Biden’s administration. The rule will now go to the full House floor before the agreement comes to a full House vote. The rule passed after an hours-long deliberation in the committee that included multiple amendment proposals. The vote comes as Treasury Secretary Janet Yellen has warned that the United States will be unable to satisfy its debt obligations come 5 June. The House of Representatives is set to vote But many House Republicans raised objections, including members of the House Freedom Caucus who had previously opposed Mr McCarthy’s bid for speaker in January. Rep Andy Biggs (R - AZ) told The Independent that Mr McCarthy’s deal with the White House was a repeat of his past behaviour. “When he was been in leadership for 13 years, it was not uncommon for him to be the point man to go negotiate a spending cap deal with the Democrats,” he said. Many Republicans criticised the fact that the legislation keeps in place Mr Biden’s student loan forgiveness, only claws back a small sliver of money meant to increase funding for the Internal Revenue Service and raises the debt limit until January 2025, after the 2024 presidential election. Rep Bob Good (R - VA) told The Independent that the bill symbolised a surrender from House Republican leadership. “We have literally come together and our leadership and their leadership and agreed on a Democrat bill,” Mr Good told The Independent. But many allies of Mr McCarthy also opposed the legislation. Rep Nancy Mace (R - SC), who voted for Mr McCarthy for speaker in January, announced her opposition to the bill. “Washington is, was and always will be lousy at responsibly spending your tax dollars,” she tweeted. “That won’t change unless we demand change.” Rep Chip Roy (R - TX) refuted the idea that conservatives would want the United States to default on its debt obligations. “The only person who would default in this town is Joe Biden unless Republicans default on the American dream by voting for this bad bill,” he said at a press conference. “That is why this group will oppose it, we will continue to fight it, today, tomorrow, and no matter what happens, there’s going to be a reckoning about what just occurred.” Mr Roy had tweeted on Monday that during the negotiations for the speakership, Republican leaders pledged that nothing would pass the Rules Committee without at least seven Republican votes and the committee would not allow for reporting out rules without unanimous Republican votes. During the negotiations, Mr Roy tried to stress his opposition and said why Republicans should oppose the bill. “We're not going to reduce spending through this deal. Unless we actually stand up and reduce spending it'll be on us to choose to,” he said during the hearing. “But this deal isn't going to reduce spending even though everybody's going around saying it will.” But some Republicans stressed that the agreement was the only one that could pass the House and Senate and end up on the president’s desk. “We only control one-half of one-third of government,” Rep Erin Houchin (R - IN) said. “There’s no better deal to be had.” Mr McCarthy expressed confidence in a press conference that he would have enough votes to raise the debt limit. “I’m not sure what in the bill people are concerned about,” he told reporters, saying it is the largest savings in congressional history. “We’re pulling money back for the hard-working taxpayers that are going to China. Are they opposed to work requirements for welfare?” On the Senate side, both Republican and Democratic leaders praised the agreement. “Congress will vote on legislation that locks in that important progress,” Senate Minority Leader Mitch McConnell (R - KY) said in remarks on the Senate floor. “Republicans have a tremendous opportunity to take on an existential challenge facing our economy and future generations of Americans. We have a chance to start bringing Washington Democrats’ reckless spending to heel.” Senate Majority Leader Chuck Schumer said the bill was a reasonable compromise. “Of course, nobody is getting everything they want – there is give on both sides – but this agreement is the responsible, prudent and very necessary way forward,” he said on the Senate floor. Mr Schumer said he would bring the bill up as quickly as possible for consideration before the default deadline on 5 June. Read More Biden ‘optimistic’ about McCarthy negotiations as AOC slams ‘dysfunctional’ debt ceiling system Debt ceiling deal reached between Biden and McCarthy Conservatives bark after the debt limit deal. Will they actually bite McCarthy? GOP chairman moves to hold FBI director Wray in contempt over Biden doc Utah Republican Chris Stewart planning to resign from Congress, AP source says Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government
2023-05-31 09:25
Australia's central bank warns of inflation risks, pain ahead for households
Australia's central bank warns of inflation risks, pain ahead for households
SYDNEY The head of Australia's central bank on Wednesday pledged to do whatever is necessary to bring inflation
2023-05-31 08:54
Court grants Sackler family immunity in exchange for $6 billion opioid settlement
Court grants Sackler family immunity in exchange for $6 billion opioid settlement
Members of the billionaire Sackler family will be protected from current and future lawsuits over their role in their Purdue Pharma's opioid business, a New York court of appeals ruled Tuesday.
2023-05-31 07:52
Environmental platform urges more than 1,600 high-emitting firms to disclose data
Environmental platform urges more than 1,600 high-emitting firms to disclose data
LONDON More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment
2023-05-31 07:27
Minnesota governor signs bill legalizing recreational marijuana starting in August
Minnesota governor signs bill legalizing recreational marijuana starting in August
Minnesota’s governor has legalized recreational marijuana for people over 21 starting in August
2023-05-31 06:46
Interest-Rate Path in Focus as Bank of Thailand Heads for Quarter-Point Hike
Interest-Rate Path in Focus as Bank of Thailand Heads for Quarter-Point Hike
Thailand’s central bank will probably raise borrowing costs by another quarter-point on Wednesday, with the decision itself likely
2023-05-31 05:15
Watchdog group files FEC complaint over planned DeSantis super PAC transfer
Watchdog group files FEC complaint over planned DeSantis super PAC transfer
A watchdog group on Tuesday filed a complaint to the Federal Election Commission targeting allies of Florida Gov. Ron DeSantis, who have planned for nearly a year to transfer tens of millions of dollars to a super PAC supporting his presidential bid.
2023-05-31 04:45
Delta Air Lines hit with lawsuit over claims of carbon neutrality
Delta Air Lines hit with lawsuit over claims of carbon neutrality
A consumer class action lawsuit filed Tuesday claims Delta Air Lines inaccurately billed itself as the world’s “first carbon-neutral airline” and should pay damages
2023-05-31 03:19
Minnesota governor signs bill to legalize marijuana, effective this summer
Minnesota governor signs bill to legalize marijuana, effective this summer
Minnesota Democratic Gov. Tim Walz signed a bill Tuesday that legalizes recreational marijuana for people over the age of 21
2023-05-31 02:49
Factbox-Nvidia joins tech titans in trillion-dollar club
Factbox-Nvidia joins tech titans in trillion-dollar club
Nvidia Corp on Tuesday became the first chipmaker to join Wall Street's trillion-dollar club dominated by technology heavyweights
2023-05-31 02:19
Albemarle wants to start lithium negotiations in Chile soon -minister
Albemarle wants to start lithium negotiations in Chile soon -minister
SANTIAGO Albemarle expressed interest in starting negotiations soon with Chile on the government's campaign to gain majority control
2023-05-31 02:17
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