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

News

US senators officially vote to raise debt ceiling

The U.S. Senate has officially voted to raise the debt ceiling, narrowly averting a catastrophic default.

Published

on

Biden

The U.S. Senate has officially voted to raise the debt ceiling, narrowly averting a catastrophic default

Just two weeks before the United States’ debt ceiling was reached, lawmakers have agreed to extend the limit.

The ongoing debate between Republicans and Democrats has sent shockwaves through the markets over recent times… with fears the government would default and shut down.

The implications of a default would be severe and wide-ranging… but Senate Majority Leader Chuck Schumer says lawmakers have finally reached a deal.

The deal came after hours of negotiations into the night… and Senators could vote on the agreement as soon as Thursday.

WASHINGTON, DC – APRIL 21: Senate Majority Leader Mitch McConnell

Currently, debt in the U.S stands at around $28 trillion

The agreement is likely to increase the debt ceiling by $480 billion, which would extend it until December 3.

Senate Minority Leader Mitch McConnell confirmed during a floor speech that they had reached a deal.

The agreement comes less than two weeks before 18 October, the day the US Treasury Secretary Janet Yellen warned was the deadline to prevent the first ever US default.

The temporary debt compromise will still need to be passed by both chambers of Congress, and US lawmakers will still have to address this issue near the new December deadline to avert a default.

Should the United States have defaulted on its debts, analysts say it would severely hurt the country’s credit rating resulting in the global financial system being plunged into turmoil and possibly lead to a self-inflicted recession.

Continue Reading

News

Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

Published

on

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.


Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

Subscribe for more at https://www.youtube.com/@UCiMroZIXuwlSh1r5wZdeU6Q

#IsraelIran #MiddleEastConflict #Trump #nucleartensions #TickerNews #militaryescalation

Continue Reading

News

Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

Published

on

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.


Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

Subscribe for more at https://www.youtube.com/@UCiMroZIXuwlSh1r5wZdeU6Q

#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

Continue Reading

Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

Published

on

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

Subscribe for more at https://www.youtube.com/@UCiMroZIXuwlSh1r5wZdeU6Q

#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

Continue Reading

Trending Now