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U.S. debt default looming after more emergency talks

Published

2 years ago

on

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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Trump secures $243B+ in Qatar deals

Trump secures $243.5B deal with Qatar, signaling a potential $1.2T pledge to boost U.S. manufacturing, including a record $96B Boeing order.

Published

18 hours ago

on

May 15, 2025

By

Trump secures $243.5B deal with Qatar, signaling a potential $1.2T pledge to boost U.S. manufacturing, including a record $96B Boeing order.


President Donald Trump has struck over $243.5 billion in agreements with Qatar, setting the stage for a possible $1.2 trillion economic pledge.

The landmark package is aimed at boosting American manufacturing and innovation, with Trump hailing it as a milestone for U.S.–Gulf relations.

Qatar Airways has signed a record-breaking $96 billion Boeing deal, marking the largest widebody jet order in history.

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#TrumpQatarDeal #Boeing #Raytheon #USDeals #MiddleEastBusiness #QatarAirways #TickerNews #TrumpNews #ManufacturingBoom #USPolitics

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Trump strikes $243 billion in Qatar deals to reshape the Middle East

Trump secures $243 billion in Qatar deals with record aircraft orders and drone defense agreements, signaling a major shift in Middle East relations.

Published

20 hours ago

on

May 15, 2025

By

Trump secures $243 billion in Qatar deals with record aircraft orders and drone defense agreements, signaling a major shift in Middle East relations.


Trump strikes $243 billion in Qatar deals including record aircraft order. A historic windfall featuring groundbreaking drone defence agreements and aviation milestones — Trump’s Middle East pivot is making waves.

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#Trump #Qatar #MiddleEastDeals #USPolitics #AircraftOrder #DefenseDeals #TickerNews #GlobalTrade

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ASX wobbles as Australia jobs data looms over RBA

“With ASX 200 momentum fading, analysts await today’s jobs data to see if it influences the RBA outlook.”

Published

20 hours ago

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May 15, 2025

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“With ASX 200 momentum fading, analysts await today’s jobs data to see if it influences the RBA outlook.”


With ASX 200 momentum fading, will today’s jobs data shift the RBA outlook? Analysts are watching closely.

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#ASX200 #AustraliaJobs #RBA #MarketNews #AussieEconomy #LabourMarket #TickerNews #Finance

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