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Added on the 13/02/2019 13:58:27 - Copyright : Wochit
US senators vote to suspend the federal debt limit, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury. IMAGES
Republicans in the US House of Representatives pass a bill that will raise the national borrowing limit, but only in conjunction with drastic spending cuts, as they seek to avert a potentially ruinous looming credit default. IMAGES
US lawmakers approve a sweeping annual spending package that includes $45 billion in Ukraine aid and reforms to election law aimed at avoiding a repeat of last year's assault on the Capitol. IMAGES
The US Senate votes to stave off a credit default that would have sparked a recession and roiled world markets as Democrats and Republicans agreed to a stop-gap fix to raise the nation's debt limit. SOUNDBITE
The long-awaited COVID relief bill passed by Congress. Business Insider reports there were a lot of provisions that had nothing to do with COVID relief. The bill includes $2 billion for the Space Force. There is also a tax break for racehorse owners. $35 million is to be set aside for sexual-abstinence schemes. Illegal streaming is now a felony.
Lukas Jackson/Reuters US stocks closed mixed on Thursday amid falling jobless claims and new hopes for a stimulus deal. The Nasdaq composite closed at all-time highs, while the S&P 500 lost its record close in the final hour of trading. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000. Lawmakers warmed up to the $908 billion proposal Democratic leaders embraced on Wednesday, placing new pressure on Senate Majority Leader Mitch McConnell to reach a compromise.
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