Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Debate between US parties grow as Democrats suspend debt limit

Published

on

To prevent government shutdown, Democrats are attempting to raise the debt ceiling, but it doesn’t come without protest from Republicans.

Democrats Chuck Schumer and Nancy Pelosi

In the United States, the Democrats are seeking to combine a short-term spending bill with the suspension of the debt limit.

This follows weeks of debate over how leaders should respond and ultimately prevent a government shutdown.

In a joint statement, Speaker of the House Nancy Pelosi and Senate leader Chuck Schumer said they will suspend the debt limit until the end of 2022, as Pelosi dares Senate Minority Leader Mitch McConnell to ditch the package.

“The American people expect our Republican colleagues to live up to their responsibilities and make good on the debts they proudly helped incur in the December 2020 ‘908’ COVID package that helped American families and small businesses reeling from the COVID crisis.”

Republicans adamant they will not contribute

In protest, McConnel remains certain that the Republicans will not side with the Democrats on the decision to increase the debt limit.

“The country must never default, the debt ceiling will need to be raised. But who does that depends on who the American people elect.”

Senate Minority leader mitch McConnel says.

Schumer says it is shameful that Republicans are even considering blocking the debt ceiling raise.

The reasoning behind the move

Democrats are reassuring that their decision to raise the debt limit does not authorise or allocate new federal spending.

Rather, their decision comes in a bid to borrow extra funding which will be used to cover pre-existing expenditures already approved by Congress.

This includes the bipartisan emergency COVID-relief legislation from December and payments to Social Security recipients and veterans.

Despite this, Treasury Secretary Janet Yellen is warning that under the current circumstances, the department will reach its borrowing capacity during October, with the results potentially devastating for the US economy.

“We would emerge from this crisis a permanently weaker nation,” Yellen wrote in a Wall Street Journal op-ed published over the weekend.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Why Australia is becoming the new home of the Hollywood blockbuster

Published

on

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

Continue Reading

News

Portal between countries shut down after international flashing

Published

on

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Continue Reading

News

U.S. home prices surge 47%

Published

on

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

Continue Reading

Trending Now