US CBO: Debt ceiling bill to cut $1.5 trillion from deficit over decade
ALEXANDER SCHIMMECK-UNSPLASHWASHINGTON — The US Congressional Budget Office (CBO) said on Tuesday its budget deficit projections would be reduced by about $1.5 trillion over the next 10 years if the debt ceiling bill now up for a vote in Congress
China’s factory activity falls faster than expected as recovery stumbles
REUTERSBEIJING – China’s factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower.The official manufacturing purchasing managers’ index (PMI) fell to a five-month
US House poised to vote on urgently needed debt ceiling suspension
Official White House Photo by Cameron SmithWASHINGTON – Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy to lift the $31.4 trillion US debt ceiling and achieve new federal spending cuts passed an important hurdle late on Tuesday, advancing to
US slaps sanctions on Chinese, Mexican entities in fentanyl action
WASHINGTON – The United States on Tuesday imposed sanctions on 17 people and entities based in China and Mexico who it accused of enabling production of counterfeit fentanyl-laced pills, as the Biden administration seeks to stem imports of the deadly drug.The
Chinese jet carried out ‘aggressive’ maneuver near US military plane, Pentagon says
WASHINGTON – A Chinese fighter jet carried out an “unnecessarily aggressive” maneuver near a US military plane over the South China Sea in international airspace, the United States said on Tuesday.The US military command responsible for the Indo-Pacific said the maneuver by a
Senate approves bill creating the Maharlika fund
A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERSBy Beatriz Marie D. Cruz, ReporterTHE Philippine Senate on Wednesday approved on third and final reading a bill seeking to create a sovereign wealth fund.Nineteen senators
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