Debt ceiling news - live: Senate passes debt limit deal bill sending it to White House for Biden signature
The Senate has passed a bipartisan agreement forged by US president Joe Biden and House speaker Kevin McCarthy to raise the $31.4 trillion US debt ceiling after the deal survived a Republican rebellion in the House of Representatives. The Fiscal Responsibility Act, which will also implement new federal spending cuts, cleared the lower chamber with 314 votes in favour and 117 against on Wednesday night. The narrowness of its passage through the House was made possible through the support of Democrats, who stepped in to thwart a Republican rebellion that badly undermined Speaker McCarthy’s claims to control over his increasingly divided party. On Thursday, the Senate rejected 11 proposed amendments before passing the bill 63 for to 36 against. Senate majority leader Chuck Schumer will now send the bill to President Biden’s desk for his signature. Full congressional approval was required before Monday 5 June, when the Treasury Department was expected to run out of funds to pay its debts for the first time in American history. Read More Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right Lauren Boebert didn’t turn up to vote on debt ceiling deal she furiously campaigned against What’s next for Biden-McCarthy debt ceiling deal as Senate races to beat default deadline?
2023-06-02 16:22
'This is such an inspiration': GMA's Ginger Zee hailed for promoting sustainable fashion as she completes 'no new clothes' challenge
Ginger Zee completes one year of the 'no new clothes' challenge as she promotes re-wearing outfits and sustainable fashion
2023-06-02 16:16
AP PHOTOS: As Spain's 'peasant farmers of the sea,' groups of women dig for clams
LOURIZAN, Spain (AP) — They fan out in groups, mostly women, plodding in rain boots across the soggy wet sands of the inlet, making the most of the low tide.
2023-06-02 16:00
Kevin Costner takes $50M risk, mortgages 10-acre land to fund film he's been working on for 30 years
Kevin Costner's obsession with film and storytelling comes after he and his wife Christine Baumgartner parted ways and ended their 18-year marriage
2023-06-02 15:50
UK House Prices Are Falling Again — And There’s More Pain Ahead
The UK housing market is sputtering again, with economists predicting that the downturn has further to run as
2023-06-02 15:49
SBB’s Embattled CEO Faces Tough Sell After London Investor Pitch
The property tycoon at the center of Sweden’s real estate crisis traveled to the City of London this
2023-06-02 15:27
How Turkey's president Erdogan has maintained a tight grip on power in the country
Turkish President Recep Tayyip Erdogan takes the oath of office and starts his third presidential term Saturday following his latest election win
2023-06-02 15:24
Erdogan Picks Market Darling Simsek to Return as Turkey's Finance Chief
Turkish President Recep Tayyip Erdogan will appoint Mehmet Simsek as his new treasury and finance minister, bringing back
2023-06-02 14:58
JPMorgan's Dimon visits Taiwan to meet staff, clients -source
(Reuters) -Jamie Dimon, the chief executive of U.S. bank JPMorgan Chase & Co, is visiting Taiwan on Friday, a source
2023-06-02 14:53
EQT Nears Deal for Vet Drugmaker Dechra Pharmaceuticals
EQT AB agreed to buy Dechra Pharmaceuticals Plc for about £4.46 billion ($5.6 billion), negotiating a lower price
2023-06-02 14:48
Brad Pitt claims ex-wife Angelina Jolie 'kept him in dark' about French winery's 'secret' sale in amended lawsuit
Brad Pitt filed an amended complaint against ex-wife Angelina Jolie claiming that he was kept in the dark regarding Chateau Miraval's sale
2023-06-02 14:48
Analysis-Lufthansa's ITA deal heralds more European airline tie-ups
By Joanna Plucinska and Angelo Amante LONDON/ROME Lufthansa's purchase of a minority stake in Italy's loss-making ITA Airways
2023-06-02 14:30