After days of delay, U.S. congressional leaders unveiled a $1.1 trillion bipartisan spending measure for defense, homeland security and other programs early on Thursday, giving lawmakers less than two days to avert a partial government shutdown. The Republican-controlled House of Representatives will vote on the sprawling package on Friday, leaving the Democratic-majority Senate only hours … Read more
WASHINGTON — President Biden told House and Senate leaders in the Oval Office Tuesday that there would be “dire” consequences if Congress doesn’t pass $60 billion in additional military aid for Ukraine. Biden met with the leaders of both major parties after spurning for weeks House Speaker Mike Johnson’s request for a one-on-one meeting to … Read more
New Delhi: Economists expect some significant announcements on February 1 even though it’s an interim budget, since the exercise comes just ahead of the general elections, an ET poll showed. The government will likely increase the amount of money transferred under its flagship direct benefit transfer scheme – Pradhan Mantri Kisan Samman Nidhi or PM-Kisan … Read more
The United States Capitol building is seen in Washington D.C., United States on October 4 , 2023. Yasin Ozturk | Anadolu Agency | Getty Images What may happen with Social Security in a shutdown If the worst-case scenario happens, and lawmakers fail to finalize a deal before both of those dates, it may take some … Read more
The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate decisions to eventually slow that growth. The increase in borrowing costs that stems from Fed decisions does not affect all consumers immediately. It typically affects people who … Read more
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