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Biden & McCarthy progressing towards debt ceiling deal

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An agreement needs to be reached and passed by both chambers of Congress before the federal government runs out of money to pay its bills

 
U.S. President Joe Biden and House Speaker Kevin McCarthy both underscored their determination to reach a deal soon to raise the federal government’s $31.4 trillion debt ceiling and avoid an economically catastrophic default.

“I’m confident that we’ll get the agreement on the budget. That America will not default,” Biden said.

Biden addressed the looming crisis before leaving for the G7 summit of world leaders in Hiroshima, Japan – a trip cut short due to ongoing negotiations.

“We’re going to come together because there’s no alternative. We have to do the right thing for the country,” Biden continued.

“We have to move on. And to be clear, this negotiation is about the outlines of what the budget will look like, not about whether or not we’re going to, in fact, pay our debts.

“Leaders have all agreed we will not default. Every leader has said that.”

Biden’s comments come after he and top Congressional leaders met in the Oval office, and the president agreed to negotiate directly with McCarthy on a deal, after a months-long standoff.

An agreement needs to be reached and passed by both chambers of Congress before the federal government runs out of money to pay its bills, which could happen as soon as June 1.

Asked by reporters at the Capitol whether it’s possible to reach a debt ceiling deal by the time Biden returns from Asia on Sunday, McCarthy replied, “It’s doable.”

“But now we’re along such a short timeline, it makes it almost harder.

“But if there’s one thing you know from me, I never give up. I have the grit, the perseverance, and we’re gonna get it done,” McCarthy affirmed.

Negotiators are aiming to hammer out an agreement before Biden’s scheduled return.

Congress would then have to act swiftly before the deadline hits.

McCarthy said the House – which Republicans currently control by a slim nine-seat majority – would vote first on any deal before sending it on to the Democrat-controlled Senate for approval.

Senate rules would require at least nine Republicans to go along with any deal. #trending #featured

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TikTok implements stricter guidelines on weight-loss drug promotion

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TikTok is tightening its regulations on influencers who promote weight-loss drugs like Ozempic.

With over 170 million users in the US, the app aims to prevent the spread of potentially harmful content related to rapid weight loss.

Starting in May, TikTok will prohibit influencers from posting “before-and-after” photos and restrict minors from accessing weight-loss content deemed risky. The crackdown extends to any content promoting drastic weight loss methods, aiming to combat the promotion of unrealistic body standards.

However, some influencers, like Dave Knapp and Kim Carlos, criticise the move, arguing it discriminates against those with health conditions. Others fear losing their income as TikTok takes down their content, prompting concerns about the platform’s future amid potential US bans.

As TikTok enforces stricter guidelines, influencers may seek alternative platforms to share weight-loss content. Despite the popularity of drugs like Ozempic and Wegovy, the crackdown reflects growing concerns about the impact of such promotions on user health.

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Game on with indie devs celebrated by Nintendo

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Nintendo Switch fans rejoice! The recent Indie World Showcase unveiled 17 new titles coming in 2024.

Including in the rundown is the adorable “Little Kitty, Big City” and explosive platformer “Anton Blast.” In other news, “Stellar Blade” confirms an uncensored release on PlayStation 5, Fallout’s TV adaptation gears up for Season 2, and Keanu Reeves joins the cast of Sonic 3 as Shadow. New releases this week include “Tales of Kenzera: Zau” and “Teenage Mutant Ninja Turtles Arcade: Wrath of the Mutants,” while “Fallout 4” gets a next-gen update. With “Stellar Blade” topping the list, gamers have plenty to look forward to in the coming weeks.

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What are the major takeaways from day one of Trump’s trial?

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The first day of Donald Trump’s criminal hush money trial that the former president broke the law and corrupted the 2016 election, while his defence lawyer said he committed no crime.

On this episode of Ticker Today – Former President Donald Trump’s hush money trial is officially underway, President Joe Biden makes cannibal claims, TikTok US ban enters the next phase and Gen Z’s are dropping degrees and picking up tools to become blue-collar workers.

Ticker’s Ahron Young and Veronica Dudo discuss.

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