(ABM FN-Dow Jones) The US debt ceiling will be raised by $ 480 billion, allowing the federal government to defer its debt obligations until December 3. The U.S. Senate voted in favor Thursday evening, according to local time.
There were 50 votes in favor and 48 votes against.
The House of Representatives must also approve the bill before President Joe Biden can sign it.
“This will extend the deadline for negotiations for the final US budget agreement to December, so this is not the real solution,” said Simon Weirsma, ING’s investment manager.
U.S. Treasury Secretary Janet Yellen has repeatedly warned that her ministry will run out of funds in mid-October if a solution is not found.
Pron: ABM Financial News
From Beursplein 5, the authors ABM Financial News Carefully monitor the progress of the stock markets and especially the Amsterdam Stock Exchange. The information in this column is not for professional investment advice or recommendation for making specific investments.
Harper Lee is a contributor at Thecherawchronicle.com, covering a wide range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. With a focus on clear reporting and useful information, Harper delivers timely coverage of current events and developments that matter to readers. Her work emphasizes accuracy, context, and accessibility, helping audiences stay informed about important stories, emerging trends, and issues affecting communities in the United States and beyond.
More Stories
Powerful Winter Storm Expected to Hit Minnesota This Weekend
KC-135 Tanker Linked to Deadly Iraq Crash Connected to Aircraft From Beale Air Force Base
Senate Push to Limit Trump’s Iran War Powers as Conflict Expected to Last Weeks