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What is the U.S. debt ceiling and why it’s important

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The United States’ national debt is set to default on Thursday.

In a letter sent to lawmakers, U.S. Treasury Secretary Janet Yellen warned that the U.S. is expected to hit its $31.4 trillion debt limit this week.

Congress is working on the issue, but it remains to be seen if lawmakers on Capitol Hill will actually raise the debt ceiling.

The debt ceiling is the amount of money the U.S. is allowed to borrow to pay for its vast commitments.

Basically, in the U.S., the debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury.

This limits how much money the federal government can pay on the debt they already borrowed.

Currently, the U.S. government borrows large sums of money in order to cover all of its expenses. However, decades ago, Congress created the debt ceiling in an effort to avoid having to approve each new debt individually.

Since then, lawmakers have raised the debt ceiling dozens of times. When this happens—Congress allows the government to take on enough debt to settle the spending obligations it has already made.

If Congress is unable to raise the debt limit in time, the U.S. can only use incoming cash to pay its current commitments which in effect would create a large deficiency.

This is the first debt limit fight since Republicans took control of the House. So far, House Speaker Rep. Kevin McCarthy has signalled that he might leverage the negotiations in order to secure deep spending cuts.

But President Joe Biden and a Senate controlled by Democrats strongly oppose spending cuts.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Britain’s goals for Trump’s state visit revealed

Britain seeks trade deal improvements and economic confidence during Trump’s state visit amid domestic challenges

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Britain seeks trade deal improvements and economic confidence during Trump’s state visit amid domestic challenges

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In Short:
– Trump’s UK visit aims to secure multi-billion dollar investments, boosting the British economy and job creation.
– The UK seeks to finalise trade deals, including tariff reductions vital for the steel industry.
U.S. President Donald Trump’s second state visit to the UK is expected to yield significant business advantages, providing a boost to the British government.
Companies like BlackRock, Alphabet, and Blackstone are anticipated to announce multi-billion dollar investments in UK assets, aiming to strengthen economic ties and foster job creation.Banner

The UK government, facing criticism over recent tax increases affecting business sentiment, hopes Trump’s visit will help solidify their ongoing trade deal.

Discussions are set to take place at Chequers, with both leaders potentially addressing the incomplete aspects of the existing agreements.

Trump has indicated a willingness to assist in improving the trade terms.

Trade Deal Progress

One prominent issue involves steel and aluminium tariffs, with the UK advocating for a reduction to zero from the current 25%.

The situation is critical for Britain’s steel industry, which has faced significant challenges in recent years. Heightened confidence from the visit could positively impact the UK’s political landscape and international relations.


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ABC journalist slapped down by Pres Trump

Trump rebukes ABC’s John Lyons for media questioning, vows to address “bad tone” with Australia’s PM Albanese. #DonaldTrump #ABCNews

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Trump rebukes ABC’s John Lyons for media questioning, vows to address “bad tone” with Australia’s PM Albanese. #DonaldTrump #ABCNews


A tense moment unfolded outside the White House when President Donald Trump accused veteran ABC journalist John Lyons of waging a “war on the media”.

Lyons, ABC’s Americas editor, questioned the president for the broadcaster’s Four Corners programme. While Trump initially deflected, claiming his children were running his businesses, the questioning drew an angry response when Lyons pressed on whether it was appropriate for a president to be so tied to business activity.

Trump snapped back, accusing the reporter of “hurting Australia” with his tone and promising to raise the issue with Prime Minister Anthony Albanese during their upcoming meeting. “You set a very bad tone,” Trump told Lyons, “you can set a nicer tone.”

#DonaldTrump #ABCNews #WhiteHouse #TickerNews


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Charlie Kirk has sparked a worldwide response

“Global vigils and rallies unite in grief as crowds chant ‘We are Charlie Kirk,’ sparking a conservative activism wave.”

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“Global vigils and rallies unite in grief as crowds chant ‘We are Charlie Kirk,’ sparking a conservative activism wave.”


The assassination of Charlie Kirk has sparked a worldwide response, with vigils and rallies stretching from London to Seoul and Canberra. Crowds are chanting “We are Charlie Kirk,” turning grief into a unifying rallying cry.

In Seoul, thousands marched through the streets, echoing the same words shouted in London’s Whitehall just days earlier. The scale of these gatherings has transformed a tragedy into a movement that crosses borders and cultures.

Supporters say this is more than mourning. It is about carrying forward Kirk’s vision. His death has ignited a global wave of conservative activism that shows no sign of slowing.

#CharlieKirk #WeAreCharlieKirk #TickerNews


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