House Speaker Kevin McCarthy has announced that a tentative deal has been reached between House Republicans and the White House to address the nation’s debt ceiling. According to McCarthy, negotiators have worked through the night to finalize the details of the agreement, keeping the bill around 150 pages to make it easier for members of
Politics
After lengthy negotiations, a tentative deal has been reached between the White House and U.S. lawmakers on the country’s borrowing limit. However, House Speaker Kevin McCarthy now faces the challenge of pushing the deal through the House, where hardline Republicans are threatening to sink it. Republican Hardliners Threaten to Block Deal Hardline Republicans in the
Republican Kevin McCarthy, the top congressional leader, has stated that he is making progress in negotiations with President Joe Biden to raise the federal government’s debt ceiling. The United States is facing a risk of default in just over a week. The Treasury Department has predicted that the government will run out of funds to
On Friday, Treasury Secretary Janet Yellen said that the United States may have enough reserves to delay a potential debt default until June 5. In a letter to House Speaker Kevin McCarthy, Yellen stated that the Treasury would have insufficient resources to meet the government’s obligations if Congress does not raise or suspend the debt
A former employee of the U.S. Office of Personnel Management (OPM), Sheron Spann, has pleaded guilty to one count of taking actions affecting a personal financial interest in Washington, D.C. federal court. She has been accused of steering over $10 million worth of OPM contracts to companies associated with her husband or herself over the
New Jersey Governor Phil Murphy is considering defying the Supreme Court if it rules in favor of a ban on the abortion pill, mifepristone. In an interview with MSNBC’s Katy Tur, Murphy stated that “everything is on the table” and that he would do whatever it takes to save lives. He referred to other abortion
Deutsche Bank has agreed to pay $75 million to resolve a federal lawsuit accusing the bank of enabling and profiting from its customer Jeffrey Epstein’s sex trafficking of young women. Epstein, a sex predator, had been a customer of JPMorgan from 1998 through 2013, and after JPMorgan ended its banking relationship with him, he became
The relationship between the US and South Africa became strained last week after US Ambassador Reuben Brigety accused Pretoria of running guns for Russia through a mystery merchant ship. Brigety was summoned to a meeting with senior South African officials to answer for his comments, which related to the Lady R, a US-sanctioned Russian merchant
On Saturday, North Carolina’s Democratic governor vetoed a bill that sought to outlaw most abortions in his state after 12 weeks of pregnancy. The veto was announced before a crowd of about 1,000 abortion-rights activists and voters gathered at a plaza in Raleigh, the state capital. The Bill The bill, which was passed last week
Ukrainian President Volodymyr Zelenskyy met with Pope Francis at the Vatican on Saturday to seek support for his peace plan from the pontiff. In the past, Francis has offered to try to help end the war launched by Russia’s invasion of Ukraine a year ago. During a private 40-minute meeting, the two men spoke about