Global

What’s in the Biden-McCarthy deal to raise the debt limit

WASHINGTON – Over the weekend, President Biden and Speaker of the House Kevin McCarthy announced a deal increase the public debt limit, which will allow the country to avoid default and economic shocks. Biden, McCarthy and their allies present the deal as a victory for their respective sides. Notably, McCarthy (R-Bakersfield) is touting the deal

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Global

Your Monday Briefing: US Debt Limit Deal

U.S. officials reach agreement to limit debt President Biden and Speaker Kevin McCarthy came to an agreement in principle remove the debt limit for two years, a breakthrough after a marathon of crisis negotiations that left the country days before its first default in history. “This is an important step forward in reducing costs while

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Noticias de dinero

Rishi Sunak asks supermarkets to limit prices of staples

The UK government is developing plans for supermarkets to voluntarily cap the prices of staples to alleviate the burden of soaring food prices on consumers. Steve Barclay, health secretary, confirmed on Sunday that ministers are in talks with retailers on how to “tackle the very real problems” many households are experiencing with food. inflation and

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Global

Biden and McCarthy reach last-minute deal to raise debt limit

WASHINGTON – President Biden and Speaker of the House Kevin McCarthy reached what they both called an “agreement in principle” on Saturday to raise the federal government’s borrowing limit and cut some spending as they sought to end months of stagnation that brought the government to the brink of refusing to pay for the first

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