According to Senate Democratic Majority Leader Chuck Schumer, the US will be able to avoid default tonight. All 100 senators came to an agreement to discuss 11 amendments, and then immediately vote for a bill to increase the public debt. If the plan succeeds, Congress will quickly send the bill to the president for signature. … Read more
The week promises to be busy for the US Congress. After several days of negotiations, US President Joe Biden and Speaker of the House of Representatives Kevin McCarthy announced on Saturday May 27 that they had reached an “agreement in principle” to avoid default on payment by the United States. 99 pages long, the text … Read more
Some 170 million euros to subsidize trains and buses for young people, 17 million for unions, an extraordinary 14 million for the public company Tragsatec in order to unblock European funds, 3.3 million as a credit supplement for the CIS, 10 million to subsidize the cinema for those over 65 years of age… Without forgetting … Read more
The President said that world leaders are wondering about the possibility of defaulting in the US. “Because if we default on our debt, the whole world will be in trouble,” Biden said. At the same time, the head of state stressed that he considers the risk of default an “artificially created crisis,” but warned of … Read more
“After reviewing recent federal tax revenues, our best estimate is that we will not be able to continue meeting all government commitments by early June, and potentially as early as June 1, unless Congress raises or suspends the debt limit,” the Treasury Secretary said in a letter. USA Janet Yellen to Congress. As a result, … Read more
US Treasury Secretary Janet Yellen announced Monday that the federal state has collected less tax than expected. By Le Figaro with AFP Published on 01/05/2023 at 22:51update on 02/05/2023 at 00:48 This content is not accessible. US Treasury Secretary Janet Yellen. POOL / REUTERS The United States got a little closer to a potential default … Read more