Expectations are low for quick progress as Republican lawmakers push for steep spending cuts in exchange for a deal
Last modified on Wed 22 Feb 2023 19.41 GMT
“Policymakers have an opportunity now to inject certainty into the US and global economy by beginning, in earnest, bipartisan negotiations around our nation’s fiscal health and taking action to uphold the full faith and credit of the United States well before the X-date,” he said. Yellen said her actions would buy time until Congress can pass legislation that will either raise the $31.4tn borrowing authority or suspend the limit for a period of time. But she said it’s “critical that Congress act in a timely manner”.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Holmes hunts for improvement as expectations riseAfter defying expectations last year with their preliminary finals appearance, the North Queensland Cowboys will have to contend with the unfamiliar feeling of being a hunted team this season.
Read more »
Investors increase bets on ECB lifting rates to recordBuoyant service sector and wages are fuelling expectations of further rises in eurozone borrowing costs.
Read more »
Anti-ESG crusader takes on Trump. And it’s not DeSantisA self-styled warrior against “woke” corporations has become the latest Republican to challenge Donald Trump for the Republican presidential nomination in 2024.
Read more »
George Santos admits being a ‘terrible liar’ to Britain’s Piers MorganRepublican congressman tells broadcaster it ‘wasn’t about tricking anybody’ while defending his comments on being Jewish
Read more »
Georgia grand jury foreperson’s remarks on Trump investigation could fuel legal challenges – liveLawyers close to Republican witnesses are reportedly preparing to move to challenge any charges based on forewoman’s statements
Read more »
Fair Work accelerates aged care pay rise in hit to the budgetAged care workers will receive a 15 per cent pay rise in full on June 30 despite the Albanese government saying it was not feasible to fund the increase before July.
Read more »