Month: May 2023
House approves debt ceiling bill to avoid default, sends deal to Senate
Despite deep disappointment from hard-right Republicans that budget cuts don’t go far enough, it was approved on a bipartisan House vote with Democrats. The Senate is expected to act quickly by the end of the week.
Read MoreHouse Passes Debt Ceiling Bill, Setting Up Crucial Senate Vote As Deadline Nears
After a months-long impasse, the House on Wednesday night finally approved a bill to lift the nation’s debt limit and reduce government spending, clearing a crucial hurdle to avert a government default before a June 5 deadline. The bipartisan measure,
Read MoreOil Falls on Mixed U.S. Economic Indicators, Weak China Data
Oil futures were lower in the early Asian session as the U.S. economy continues to send mixed signals and China’s economy shows signs of cooling.
Read MoreSackler family to pay $6B in deal shielding them from civil lawsuits in opioid deaths
New ruling in federal appeals court protects Jewish family, owners of OxyContin-maker Purdue Pharma, from civil litigation, clears way for company to pay victims, families
Read MoreDebt ceiling deal passes House by wide margin, heads to Senate as June 5 default looms – USA TODAY
Debt ceiling deal passes House by wide margin, heads to Senate as June 5 default looms USA TODAY House passes US debt ceiling bill: Live updates CNN Corporate USA awakes to woke, debt-limit deal = GOP win and other commentary New York Post
Read MoreWATCH LIVE: McCarthy holds news conference on Fiscal Responsibility Act
The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act.
Read MoreSudan’s military says it has suspended its participation in talks with paramilitary forces
The official said Wednesday that the move is a protest against the Rapid Support Forces’ “repeated violations” of the humanitarian cease-fire, including the continued occupation of hospitals and other civilian infrastructure in the capital, Khartoum.
Read MoreHere’s why Turkish elections should raise alarms about Trump: report
Turkey’s re-election this week of its authoritarian President Recep Tayyip Erdogan offers a warning that applies to other countries confronting the rise of right-wing populism, including the U.S., columnist Bret Stephens writes for The New York Times. Erdogan’s re-election came
Read MoreAt Pittsburgh gunman’s trial, Jewish rituals feature as prominently as deadly carnage
Descriptions of items, practices in synagogue proving crucial for prosecution in trial of shooter, who killed 11 Jews praying at three congregations on Shabbat in October 2018
Read MoreProsecutors in Trump Documents Case Scrutinize Handling of Security Footage
Investigators are trying to determine if there was any attempt to obstruct them from getting access to footage from a security camera near the room where classified material was stored.
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