Tag Archives: limit

WASHINGTON — President Biden will meet with Speaker Kevin McCarthy at the White House on Wednesday afternoon for a discussion that carries high stakes: the need to raise the nation’s borrowing limit in order to avoid a financial crisis. The meeting will be the first between the two leaders since …

WASHINGTON — The United States hit its debt limit on Thursday, prompting the Treasury Department to begin using a series of accounting maneuvers to ensure the federal government can keep paying its bills. In a letter to Congress, Treasury Secretary Janet L. Yellen said the government would begin using what …

“Debt limit impasses have also repeatedly disrupted implementation of Treasury’s cash management policy — with knock-on effects for money markets,” Joshua Frost, assistant Treasury secretary for financial markets, explained in a speech in December. Mr. Frost added that the Treasury Department usually has a daily cash balance of $600 billion …

JERUSALEM — Tens of thousands of Israelis on Saturday night protested in Tel Aviv against the new right-wing government’s plans to fundamentally overhaul the judicial system, accusing Prime Minister Benjamin Netanyahu of trying to weaken the country’s democratic institutions just weeks after returning to power. The protest was organized by …

WASHINGTON — Treasury Secretary Janet L. Yellen warned on Friday that she would have to begin employing “extraordinary measures” to continue paying the nation’s bills this month if lawmakers do not act to raise the statutory debt limit and that her powers to delay a default could be exhausted by …

WASHINGTON — Representative Kevin McCarthy of California finally secured the House speakership in a dramatic vote ending around 12:30 a.m. Saturday, but the dysfunction in his party and the deal he struck to win over holdout Republicans also raised the risks of persistent political gridlock that could destabilize the American …

Former President Bill Clinton admitted there is a limit to how many immigrants, legal and illegal, the United States can handle and said some individuals are simply trying to “game” the system. Clinton’s comments came during a podcast discussion with CNN’s Fareed Zakaria. “There is a limit to how many …

A homegrown musical tackling serious subjects while using the songs of one of Scotland’s best-loved bands. It’s a blueprint that proved successful with Sunshine On Leith and now it is hoped the same can be said for The Stamping Ground. While the former was propelled by the music of The Proclaimers, …

Spanning about three decades in the Nollywood industry, Olaniyi Afonja, popularly called Sanyeri, in this interview with Olamide Famuwagun, gives an account of how he rose to become an authority in the motion pictures industry. Kindly tell us how your acting career started? It all started while I was young as …

The ship was heading from Equatorial Guinea to Malta when it sank seven miles off the coast of the southern city of Gabes on Friday. The Tunisian navy rescued all seven crew members following a distress call. It was carrying between 750 tons and 1,000 tons of fuel, officials said. …