The House Rules Committee is set to review and mark up a House Republican bill aimed at raising the debt limit while significantly cutting federal spending. The committee will vote on whether to send the plan to the House floor. Republicans have stated that they will only vote to raise the debt ceiling if President
Politics
During a Security Council meeting chaired by Russian Foreign Minister Sergey Lavrov, the United States and Western allies criticized Russia for the ongoing war in Ukraine. Lavrov defended his country’s “special military operation” in Ukraine, reiterating claims that Kyiv is the real aggressor. However, Linda Thomas-Greenfield, the U.S. ambassador to the U.N., accused Russia of
Republicans on the House Financial Services Committee have released a new draft of legislation aimed at regulating stablecoin issuers. The move is part of an effort to restart negotiations with Democrats that stalled last fall on an issue that all sides agree is ripe for regulation. The new draft bill is half the length of