Debt ceiling news - live: Senate passes debt limit deal bill sending it to White House for Biden signature
The Senate has passed a bipartisan agreement forged by US president Joe Biden and House speaker Kevin McCarthy to raise the $31.4 trillion US debt ceiling after the deal survived a Republican rebellion in the House of Representatives. The Fiscal Responsibility Act, which will also implement new federal spending cuts, cleared the lower chamber with 314 votes in favour and 117 against on Wednesday night. The narrowness of its passage through the House was made possible through the support of Democrats, who stepped in to thwart a Republican rebellion that badly undermined Speaker McCarthy’s claims to control over his increasingly divided party. On Thursday, the Senate rejected 11 proposed amendments before passing the bill 63 for to 36 against. Senate majority leader Chuck Schumer will now send the bill to President Biden’s desk for his signature. Full congressional approval was required before Monday 5 June, when the Treasury Department was expected to run out of funds to pay its debts for the first time in American history. Read More Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right Lauren Boebert didn’t turn up to vote on debt ceiling deal she furiously campaigned against What’s next for Biden-McCarthy debt ceiling deal as Senate races to beat default deadline?
2023-06-02 16:23
Watch live: Antony Blinken and Finnish counterpart sign joint statement
Watch live as Antony Blinken and his Finnish counterpart speak in Helsinki on Friday, 2 June. The US secretary of state and the Finnish foreign minister Pekka Haavisto will sign a joint statement and make short remarks. Mr Blinken has made a trip to Europe to "deepen transatlantic cooperation on top national security and economic priorities." He is visiting Helsinki to highlight the US's relationship with Nato's newest ally. So far he has visited Lulea, Sweden, where he co-chaired the fourth meeting of the US-EU Trade and Technology Council, holding discussions on technology, holding Russia accountable, and supporting Ukraine. Mr Blinken met with Swedish prime minister Ulf Kristersson and Swedish foreign minister Tobias Billström. The US secretary of state's trip to Helsinki comes after he departed Norway, where he participated in an informal meeting of Nato foreign ministers to discuss the alliance's Vilnius summit which will be held in July. Read More US reopens embassy in Seychelles after 27-year absence France, Germany urge new elections in Kosovo following flare-up in ethnic tensions White House imposing sanctions as Sudan's warring sides fail to abide by cease-fire deal
2023-06-02 15:54
Clashes in Senegal leave at least 9 dead; government bans use of social media platforms
Clashes between police and supporters of Senegalese opposition leader Ousmane Sonko left nine people dead, the government said Friday, with authorities issuing a blanket ban on the use of several social media platforms in the aftermath of the violence. The deaths occurred mainly in the capital, Dakar, and Ziguinchor in the south, where Sonko is mayor, Interior Minister Antoine Felix Abdoulaye Diome said in a statement. Some social media sites used by demonstrators to incite violence, such as Facebook, WhatsApp and Twitter have been suspended, he said. “The state of Senegal has taken every measure to guarantee the safety of people and property. We are going to reinforce security everywhere in the country,” Diome said. Sonko was convicted Thursday of corrupting youth but acquitted on charges of raping a woman who worked at a massage parlor and making death threats against her. The court sentenced Sonko to two years in prison. He didn't attend his trial in Dakar, and was judged in absentia. His lawyer said a warrant hadn't been issued yet for the politician’s arrest. Sonko came in third in Senegal’s 2019 presidential election and is popular with the country’s youth. His supporters maintain his legal troubles are part of a government effort to derail his candidacy in the 2024 presidential election. Sonko is considered President Macky Sall’s main competition and has urged Sall to state publicly that he won't seek a third term in office. Corrupting young people, which includes using one’s position of power to have sex with people under the age of 21, is a criminal offense in Senegal that is punishable by up to five years in prison and a fine of up to more than $6,000. Under Senegalese law, his conviction would bar Sonko from running in next year’s election, said Bamba Cisse, another defense lawyer. “The conviction for corruption of youth hinders his eligibility, because he was sentenced in absentia, so we can’t appeal,” Cisse said. However, the government said that Sonko can ask for a retrial once he is imprisoned. It was unclear when he would be taken into custody. Shortly after the verdict was announced Thursday, clashes erupted throughout the country with Sonko’s PASTEF party calling for people to take to the streets. In Dakar, protesters threw rocks, burned vehicles and in some places erected barricades while police fired tear gas. Plumes of black smoke and the sound of tear gas being fired were seen and heard throughout the city. Those who weren't protesting stayed indoors, leaving much of Dakar a ghost town with boarded-up shops and empty streets as people feared the violence would escalate. “The verdict cements the criticism that Sall’s government is weaponizing the judiciary to eliminate prominent rivals that could shake his rule,” said Mucahid Durmaz, senior analyst at global risk intelligence company Verisk Maplecroft. “Despite being presented as a beacon (of) democracy, the Sonko cases demonstrate the structural issues Senegal grapples with. The court decision and the prospect of Sall’s bid for a third term in the election next year will fuel fierce criticism around erosion of judicial independence and democratic backsliding,” Dumaz said. Government spokesman Abdou Karim Fofana said that the damage caused by months of demonstrations has cost the country millions of dollars. “These calls (to protest), it’s a bit like the anti-republican nature of all these movements that hide behind social networks and don’t believe in the foundations of democracy, which are elections, freedom of expression, but also the resources that our (legal) system offers,” Fofana said. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide US reopens embassy in Seychelles after 27-year absence US expands slots for asylum app at land crossings as demand overwhelms supply Restoration lags for Syria's famed Roman ruins at Palmyra and other war-battered historic sites
2023-06-02 14:58
Erdogan Picks Market Darling Simsek to Return as Turkey's Finance Chief
Turkish President Recep Tayyip Erdogan will appoint Mehmet Simsek as his new treasury and finance minister, bringing back
2023-06-02 14:52
EQT Nears Deal for Vet Drugmaker Dechra Pharmaceuticals
EQT AB agreed to buy Dechra Pharmaceuticals Plc for about £4.46 billion ($5.6 billion), negotiating a lower price
2023-06-02 14:48
Kinnock Tells Starmer He Can Lead UK Alone, Without Coalition
Former Labour leader Neil Kinnock dismissed the chances of the party being forced into a coalition after the
2023-06-02 13:21
All Eyes on US, China as Shangri-La Defense Forum Starts
Defense officials from around the world arrived in Singapore Friday, with US-China tensions over Taiwan, chip curbs and
2023-06-02 12:53
China Stocks Rebound as Fed Concerns Ease, Dip-Buyers Emerge
Chinese stocks staged a sharp rebound as signs that the Federal Reserve is close to the end of
2023-06-02 12:23
UK Government Killed Au Pair Industry, Leaving British Parents Desperate
The UK government is desperate to find a way to make child care more affordable and encourage more
2023-06-02 11:55
Goldman Cuts China Index Target While Retaining Overweight Call
Goldman Sachs Group Inc. cut its target for the MSCI China Index on earnings and currency concerns, but
2023-06-02 11:49
Senate passes debt limit bill after marathon 11 amendment votes to avoid default
The Senate voted late on Thursday night to raise the debt limit and avoid allowing the United States to default on its debt for the first time in history after having an all-night marathon session of votes to assuage Republican concerns. The legislation passed 63 to 36 after senators held 11 votes on amendments —10 from Republicans and 1 from Democrats — to address concerns about the bill. All but five Senators in the Democratic caucus--Sens Bernie Sanders (I-VT), Elizabeth Warren (D-MA), Ed Markey (D-MA), John Fetterman (D-PA) and Jeff Merkley (D-OR)--voted for the legislation while 31 Republican Senators opposed it. “America can breathe a sigh of relief because in this process we are avoiding,” Senate Majority Leader Chuck Schumer said before the votes began on Thursday evening. The vote came after the House passed the legislation on Wednesday that was the result of bipartisan negotiations between the House and the White House. The bill will now head to President before 5 June, the date that Treasury Secretary Janet Yellen had warned that the United States would default on its debt. Republicans raised concerns about some of the restraints on defence spending, which is capped at $886bn. “Well, my message is, I'm a Reagan Republican,” Sen Lindsey Graham (R-SC) told The Independent. “And you do military budgets based on threats and you want to fight over the role of the Republican Party on national defence, I welcome the fight.” Mr Graham expressed concern that it would lead to the United States not being able to support Ukraine in its war against Russia. “And if you want to avoid conflict, you better stand up to aggression,” he said. Sen Susan Collins (R-ME) echoed those concerns in a floor speech. “It would trigger an automatic meat an indiscriminate across-the-board cut in our already inadequate defence budget and in the domestic discretionary non-defence funding,” Sen Susan Collins (R-ME) said in a floor speech. “This would happen automatically if in fact all 12 appropriations bills have not been passed.” Ms Collins said that such a problem could be remedied through a defence supplemental package, which other Senators have also discussed. “It was important for some of our members to have folks on the record, acknowledging that there clearly could be a need will be a need for additional assistance for our national security interests,” Senate Minority Whip John Thune (R-SD) told The Independent. But some Republicans said they still opposed the debt limit increase. “Trade deficit with China,” Sen Josh Hawley (R-MO) told The Independent about why he opposed the bill. “Not gonna do anything about it.” Before the votes began, the Senate went into overtime with negotiations, with Sen Kyrsten Sinema (I-AZ) serving as an intermediary between Democrats and Republicans. “The President took too long but he had his own process and we got to save the country from having to fall,” Sen Mitt Romney (R-UT) told The Independent. “Speaker McCarthy has been underestimated and he's proven that he could get something done.” Conversely, Sen Tim Kaine (D-VA) proposed an amendment to strike a provision to expedite the completion of the Mountain Valley Pipeline, a natural gas pipeline that spans from West Virginia to Virginia, that ultimately failed 30 to 69. The pipeline is a top priority for Sen Joe Manchin (D-WV). Mr Manchin celebrated the inclusion of the pipeline in the agreement. “It’s important for our country, very much important,” Mr Manchin told The Independent. The approval of the pipeline triggered Sen Ed Markey (D-MA), an outspoken advocate for combating climate change, from opposing the legislation. But Sen Brian Schatz (D-HI), another climate hawk, said he would vote for it. “The agreement is the agreement we're going to have to vote for it,” he told The Independent. Other Democrats criticised the fact the bill imposed work requirements for the Supplemental Nutrition Assistance Program, known as SNAP and formerly called food stamps, for adults between the ages of 50 and 54 who do not have children and do not have disabilities. “I did not agree to these SNAP restrictions, and I won’t give Republicans an opening to try and take food from more food insecure Americans in Farm Bill negotiations later this year,” Mr Fetterman said in a statement after the vote. “As I communicated to leadership and the White House, I would have voted to avoid default if it would have made the difference. All in all, this was a tough vote and an ugly situation manufactured by extortionists. While we avoided a catastrophe this time around, we should never put the country in this situation again.” Mr Fetterman said Mr Biden should have invoked the 14th amendment to the US Constitution to avoid a default on the nation’s debt. The vote signals the end to a drawn-out fight between the Republican-controlled House on one end and a Democratic-controlled Senate and the White House on the other. Mr Schumer said the quick passage of the legislation showed the willingness to the Senate to avoid a catastrophic default. Read More 'Shrink the room:' How Biden and McCarthy struck a debt-limit deal and staved off a catastrophe Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right Biden and McCarthy’s debt limit deal went through – but there are winners and losers 'Shrink the room:' How Biden and McCarthy struck a debt-limit deal and staved off a catastrophe Biden and McCarthy’s debt limit deal went through – but there are winners and losers What’s next for Biden-McCarthy debt limit deal as Senate races to beat default?
2023-06-02 11:20
Trump plays down legal threat of secret papers recording at Fox News town hall
Donald Trump returned to a familiar refrain on Thursday, insisting once again that he had done nothing wrong even as new challenges pop up seemingly every day for the ex-president who faces a bevy of criminal and civil investigations. Mr Trump returned to his favoured cable network, Fox News, for a town hall-style event moderated by primetime opinion host Sean Hannity, who is now the Fox star probably closest to the former president given the firing of Tucker Carlson, the network’s star pundit. And confronted with a new leaked recording indicating that Mr Trump knew that he was retaining classified materials after his presidential term ended, he once again insisted that he had done nothing wrong. “News broke yesterday there might be a tape recording where you acknowledged that you understood that these were classified documents [at Mar-a-Lago],” the Fox News host began. While asking also if the ex-president knew who had leaked the recording of the phone call, he questioned: “Do you know anything about this?” “No, I don’t know anything about it,” Mr Trump responded. “All I know is this: Everything I did was right. We have the Presidential Records Act, which I abided by 100 per cent.” He then moved on to attack President Joe Biden, before claiming: “I have the right to declassify as president.” The explanation was nothing new. Mr Trump has long claimed that any classified materials seized by investigators at Mar-a-Lago were in fact previously declassified by him during his presidency — though he has shown no evidence of an order to do so. And notably, the nod to the Presidential Records Act was another mistruth. The law does not allow for ex-presidents to retain original copies of presidential records after their terms end without the express consent of the National Archives, an agency that the former president has roundly denounced. Nonetheless, it was a familiar claim for the one-term president who escaped two impeachment proceedings despite bipartisan support for his removal; Mr Trump has long asserted that any investigation or civil suit filed against him is merely the work of his political foes in an attempt to block him from power. More follows... Read More Republicans want Biden to trip up – literally E Jean Carroll, Mary Trump, and Jennifer Taub are co-writing a romance novel Woman interrupts DeSantis speech to claim her son’s murder was covered up in Florida Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-06-02 10:45
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