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U.S. debt default looming after more emergency talks

Published

2 years ago

May 17, 2023

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Both parties agree on the need for urgent action

The fear of an unprecedented American debt default is looming, after emergency talks at the White House between Republicans and Congressional leaders.

House of Representatives Speaker Kevin McCarthy told reporters the two sides are still far apart.

“It is possible to get a deal by the end of the week. It’s not that difficult to get to an agreement.”

Biden and McCarthy sat down in the Oval Office with Senate Majority Leader Chuck Schumer, House Democratic leader Hakeem Jeffries and Senate Republican leader Mitch McConnell.

“Default is the worst, worst alternative,” Schumer added.

Both parties agree on the need for urgent action.

A similar 2011 standoff over the debt limit led to a historic downgrade of the U.S. credit rating, sparking a sell-off in stocks and pushing the government’s borrowing costs higher.

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Australia unveils major super tax overhaul

Albanese government introduces 40% tax on super balances over $10M, enhancing support for low-income earners in retirement.

Published

15 hours ago

October 14, 2025

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Albanese government introduces 40% tax on super balances over $10M, enhancing support for low-income earners in retirement.

The Albanese government has announced sweeping superannuation reforms, introducing a 40% tax on balances over $10 million while boosting support for low-income earners to create a fairer, more sustainable retirement system.

#Superannuation #TaxReform #Australia #Finance #Retirement #Albanese #Economy #Wealth #Investment #MoneyMatters

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Bitcoin crashes after Trump’s China tariffs

Bitcoin plunges over 12% post-Trump tariffs, igniting massive crypto liquidation and shaking investor confidence. #CryptoCrash #Bitcoin #Markets

Published

15 hours ago

October 14, 2025

ticker NEWS

Bitcoin plunges over 12% post-Trump tariffs, igniting massive crypto liquidation and shaking investor confidence.

Bitcoin’s historic rally has collapsed — plunging over 12% after Donald Trump’s new tariffs on China triggered the biggest crypto liquidation ever.

Experts warn the fallout could reshape global investor confidence and market regulation.

#Bitcoin #CryptoCrash #Trump #ChinaTariffs #CryptoNews #Ethereum #Solana #Markets #Investing #Finance

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Final Gaza hostages freed in historic deal

Last 20 Israeli hostages released from Gaza; Trump calls it a historic dawn for the Middle East’s future.

Published

15 hours ago

October 14, 2025

ticker NEWS

Last 20 Israeli hostages released from Gaza; Trump calls it a historic dawn for the Middle East’s future.

The last 20 Israeli hostages have been released from Gaza after two years of war, with President Trump hailing it as “a historic dawn of a new Middle East.”

Erik Simon from the Simon Wiesenthal Center joins to discuss what this means for the region’s future.

#Trump #Israel #Gaza #Hostages #MiddleEast #Ceasefire #PeaceDeal #Netanyahu #WiesenthalCenter #WorldNews