The House of Representatives and the Senate of USA They plan to take wildly divergent paths Tuesday in a high-stakes battle over spending, just five days before a deadline that could force several areas of the government to shut down for the fourth time in a decade. The Democratic-controlled Senate is scheduled to vote on […]
Tag: United States Congress
Biden will enact on Saturday the law that avoids a “catastrophic” default for the economy
President Joe Biden said on Friday that he will sign on Saturday the bill that authorizes raising the debt limit of USAwhich eliminates the “catastrophic” threat of a default of the world’s largest economy. “Nothing would have been more irresponsible or more catastrophic” than a bankruptcy of the first world power, said the US president […]
Yellen warns that the US will have to make “tough decisions” if it does not raise the debt ceiling
US Treasury Secretary, Janet Yellenpointed out this Sunday that June 1 remains the date on which USA could incur for the first time in a suspension of payments on its sovereign debt and stressed that “tough decisions” would then have to be made. “If the debt ceiling is not raised, tough decisions will have to […]
Biden believes that the US will manage to “avoid a default” despite tense political negotiations
The American President, Joe Bidendeclared himself optimistic again on Saturday to reach an agreement with the Republican opposition to increase the country’s debt limit and avoid a default, despite tense negotiations to achieve it. “I still think we can avoid a default and get something (a deal) decent,” Biden declared to the press during the […]
The Trillion Dollar Coin: Crazy Idea or Solution to US Debt?
Considered by most economists as a crazy and improbable idea, the theory of a trillion dollar coin (“One Trillion Dollar Coin”) to eliminate the deficit has resurfaced again in USA as a radical way out of the impasse caused by the debt ceiling. The head of the Treasury Department herself, Janet Yellen, has had to […]
What Trump did to add votes in favor of McCarthy
During the dramatic night of voting to elect the new speaker of the House of Representatives, kevin mccarthyThe ex-president donald trump (2017-2021) made calls to at least two lawmakers who refused to endorse the Republican leader. Former President Trump spoke by phone with Congressmen Matt Gaetz and Andy Biggs during the penultimate vote in the […]
Biden seeks to build real and political bridges in a divided US
Joe Biden maintains suspense over a new candidacy for the White Housebut a trip to Kentucky this Wednesday perfectly sums up the expected speech: a Democratic president building bridges, real and political when the opposition Republican Party appears divided. Biden cut a poised figure as he left for Covington, Kentucky, leaving behind the turmoil of […]