Tag: economic policies

Dollar Nudges Lower as US Debt Ceiling Deal Dents Safe-Haven Appeal

May 29, 2023
Business & Marketseconomic policieseconomyForexglobalMarketsstocks
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LONDON—The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite across world markets and dented the greenback’s safe-haven appeal. U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until…

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Graham Criticizes Defense Spending in Debt Ceiling Deal: ‘Biggest Winner of Biden Defense Budget Is China’

May 29, 2023
bidenBusiness & MarketsChinaChina Newscongressdebt ceilingeconomic policieseconomyLindsey grahammilitaryPoliticsRepublicansUSUS NewsUS-China relations
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Sen. Lindsey Graham (R-S.C.) warned House Speaker Kevin McCarthy (R-Calif.) that China would be the beneficiary of the U.S. defense budget proposed in the tentative debt ceiling deal. “I respect Kevin McCarthy. I want to raise the debt ceiling. It would be irresponsible not to do it. I want to control spending. I’d like to…

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Oil Steady After US Debt Deal but Rate Hike Worries Linger

May 29, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesMarketsOilstocks
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Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Brent crude futures climbed 14 cents, or 0.2 percent, to $77.09 a barrel by 0905 GMT, while U.S. West…

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European Shares Lack Momentum After Debt Ceiling Deal

May 29, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—European stock indexes slipped slightly on Monday, lacking momentum in thin trade while optimism about the U.S. having reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise the federal government’s $31.4 trillion debt…

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House Freedom Caucus Republicans Sounds Alarm on Debt Ceiling Agreement

May 28, 2023
Business & Marketscongressdebteconomic policieseconomyHouse FreedomPoliticsRepublicansUS
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Some members of the House Freedom Caucus said that a proposed deal announced by House Speaker Kevin McCarthy (R-Calif.) to raise the debt ceiling for two years ahead of a possible federal government default doesn’t go far enough. Negotiators are now racing to finalize the bill’s text. McCarthy said Saturday that House will vote on the…

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House Freedom Caucus Republicans Sound Alarm on Debt Ceiling Agreement

May 28, 2023
Business & Marketscongressdebteconomic policieseconomyHouse FreedomPoliticsRepublicansUS
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Some members of the House Freedom Caucus said that a proposed deal announced by House Speaker Kevin McCarthy (R-Calif.) to raise the debt ceiling for two years ahead of a possible federal government default doesn’t go far enough. Negotiators are now racing to finalize the bill’s text. McCarthy said Saturday that House will vote on the…

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McCarthy Confident He Can Win Enough Votes for Tentative Debt Ceiling Deal

May 28, 2023
Business & Marketscongressdebt ceilingeconomic policieseconomyExecutive BranchPoliticspresident joe bidenRepublicansSpeaker of the House Kevin McCarthyUS
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Speaker of the House Kevin McCarthy (R-Calif.) said he’s confident he can garner the votes for a tentative debt ceiling deal between Republicans and President Joe Biden. On the evening of May 27, McCarthy announced during a press conference that he and Biden had reached what he called “an agreement in principle that’s worthy of…

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‘Surrender’: Chorus of Republicans Disappointed With Debt Ceiling Agreement

May 28, 2023
Business & Marketscongressdebt ceilingeconomic policiesKevin McCarthyPolicies & ImpactsPoliticsRepublicansUSUS News
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Many Republicans are expressing their disappointment over some of the components inside the tentative debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.). McCarthy clarified details of the deal in a late Saturday night call with his GOP colleagues. A chorus of House Republicans took to Twitter to share their disappointment,…

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McCarthy: White House, Republicans Reach Debt Ceiling Agreement ‘In Principle’

May 27, 2023
Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…

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McCarthy: White House, Republican Leaders Reach Debt Ceiling Agreement ‘In Principle’

May 27, 2023
Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…

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