and includes various spending cuts and deficit reduction measures, including keeping non-defense discretionary spending roughly flat in 2024, with only a 1% increase in 2025. for recipients of food stamps, and some IRS funding will be clawed back under the agreement. The deal will allow the US to avoid the fast-approaching"X-date," in which the Treasury runs out of money to pay its bills. Treasury Secretary Janet Yellen estimates that day could come on June 5.
The deal still has to be voted on and passed in the House and Senate chambers of Congress before going to Biden for his signature.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
U.S. stocks open mostly higher, with gains led by tech-heavy NasdaqU.S. stocks opened mostly higher Tuesday, with gains led by the technology-heavy Nasdaq Composite, after a debt-ceiling deal was reached over the long...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »
Nasdaq closes at highest level in nearly 10 months as stocks pare early gainsThe S&P 500 finished unchanged on Tuesday after unwinding gains from earlier in the session, but that didn’t stop the Nasdaq from clinching its highest close since August. The DJIA shed 50.56 points, or 0.2%, to 33,042.78.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »
Blockchain-Based Render Network's Token Tracks Tech Stocks as Broader Crypto Market Decouples$RNDR has gained over 6% this month amid the artificial intelligence narrative that has recently powered technology stocks higher. Reports godbole17.
Bron: CoinDesk - 🏆 291. / 63 Lees verder »
Stock Market Today: Dow Futures Rise After Debt-Ceiling ProgressStock futures ticked up after a tentative deal was struck to raise the debt ceiling over the long weekend. Follow the latest markets updates.
Bron: WSJ - 🏆 98. / 63 Lees verder »
Stock market today: Wall Street rises as DC moves to avoid defaultWall Street is ticking higher in its first trading after Washington struck a tentative deal to avoid a potentially disastrous default on its debt.
Bron: wjxt4 - 🏆 246. / 63 Lees verder »