Tag: economic policies

Meeting Over Debt Ceiling Between Biden, Congressional Leaders Delayed Until Next Week

May 11, 2023
Business & Marketsdebt ceilingeconomic policiesExecutive BranchHouse Speaker Kevin McCarthyJoe BidenPoliticsUS
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The debt ceiling meeting scheduled for May 12 between President Joe Biden and top congressional leaders has been pushed back until next week, according to The White House. The leaders were scheduled to meet to discuss lifting the debt ceiling in order to avoid a default on the country’s debt obligations before the June 1…

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Meeting Over Debt Ceiling Between Biden, Congressional Leaders Delayed to Next Week

May 11, 2023
Business & Marketsdebt ceilingeconomic policiesExecutive BranchHouse Speaker Kevin McCarthyJoe BidenPoliticsUS
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A meeting between President Joe Biden and top congressional leaders that had been scheduled for May 12 to discuss the debt ceiling has been pushed back until next week, according to the White House. The leaders were scheduled to meet to discuss lifting the debt ceiling in order to avoid a default on the country’s…

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Bank of England Raises Interest Rates to Highest Level Since 2008

May 11, 2023
Bank of EnglandBusiness & Marketseconomic policieseconomyinflationinterest ratesUKWorld
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The Bank of England (BoE) has raised interest rates from 4.25 percent to 4.5 percent marking their highest level in almost 15 years. It’s the bank’s 12th consecutive rate hike and a peak since October 2008. Governor Andrew Bailey said the BoE is now forecasting “modest but positive growth” instead of a “shallow but long recession”…

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Manchin Says Biden ‘Hypocritical’ on Debt-Limit Demands

May 11, 2023
14th amendmentBusiness & Marketsdebt limiteconomic policieseconomyExecutive BranchHeritage FoundationPoliticspresident joe bidenSenator Joe ManchinUS
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Senator Joe Manchin (D-W.Va.) said his fellow Democrat, President Joe Biden, has staked out a “hypocritical” position in recent debates over how to raise the U.S. debt limit. Biden has repeatedly called for a so-called “clean bill” to raise the debt limit without any additional conditions on matters such as spending reforms. In an interview…

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Yellen Says Congress Risks Creating a Self-Made Crisis With ‘Unthinkable’ Debt Default

May 11, 2023
Business & Marketscongressdebt ceilingdefaultDemocratseconomic policieseconomyExecutive BranchJanet YellenMarketsPolicies & ImpactsPoliticsrecessionRepublicansUS
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Treasury Secretary Janet Yellen accused the Republican-controlled House of creating a self-made crisis over its stance on the debt ceiling. Yellen, who was attending a Group of Seven (G7) conference in Niigata, Japan, called on Congress to raise the $31.4 trillion federal debt limit to avert a U.S. government default that would trigger a global…

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IN-DEPTH: Biden EPA Proposes Stringent Rules for Carbon Emissions from Coal, Oil, Natural Gas Power, Boosting Carbon Capture

May 11, 2023
Business & Marketscarbon capturecoaleconomic policieseconomyemissionsenergyEnvironmentEPAExecutive BranchPolicies & ImpactsPoliticsScienceSocial IssuesUSUS FeaturesUS News
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After weeks of buildup, the Environmental Protection Agency (EPA) finally unveiled a new suite of carbon emissions proposals for power produced using natural gas, coal, and oil that could spur the use of carbon capture technologies. The standards released on May 11 would impact new and old power infrastructure, including new natural gas turbines and…

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Biden EPA Announces Toughest-Ever Rules for Power Plant Emissions

May 11, 2023
Business & Marketscarbon capturecoaleconomic policieseconomyemissionsenergyEnvironmentEPAExecutive BranchPolicies & ImpactsPoliticsScienceSocial IssuesUSUS FeaturesUS News
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After weeks of buildup, the Environmental Protection Agency (EPA) unveiled its strictest-ever rules for power produced using natural gas, coal, and oil that could spur the use of carbon capture technologies. The standards released on May 11 would impact new and old power infrastructure, including new natural gas turbines and the country’s existing coal fleet….

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Greens, Coalition Team up to Block Labor’s Affordable Housing Fund

May 11, 2023
AustraliaBusiness & Marketseconomic policiesGlobal Real Estatehousing fundJacqui Lambiemax-chandler matherreal estateWorld
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The Australian Labor government’s high-profile affordable housing fund has failed to pass the Parliament’s upper house. On May 10, Labor attempted to bring a vote in the Senate for the Housing Australia Future Fund; however, the motion was shot down by the Greens and Liberal-National Coalition. As a result, debate on the housing fund will…

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Inflation, Supply Chain Problems Coming Soon: Truckers Warn New Tax Regime Will Have Consequences

May 10, 2023
AustraliaAustralian budgetbig governmentBusiness & Marketseconomic policieseconomyfreight businessestruckerWorld
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Truckers are the latest group to hit back at the federal Australian Labor government after it raised a bevy of new taxes to offset welfare and net-zero spending in its latest budget. From July 1, the federal government will increase the Heavy Vehicle Road User Charge to six percent each year, according to a communique…

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Biden Says Republican Threats Over Debt Ceiling Are ‘Dangerous’ With ‘Enormous Implications’

May 10, 2023
bidenBusiness & Marketsdebt ceilingdefaulteconomic policieseconomyExecutive BranchPoliticsRepublicansUS
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President Joe Biden extended his attacks on Republicans in a speech in New York on Wednesday, calling their threats over the debt ceiling “dangerous” and meaningless. A day after a high-stakes meeting with congressional leaders, Biden delivered a speech at SUNY Westchester Community College in Valhalla, New York, emphasizing the importance of raising the debt…

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