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Reid was afraid that these
threatened filibusters would actually take place and would slow down the work of the Senate too much. He therefore set out to formulate legislation that would have the support of 60 Senators the number necessary to stop a filibuster under Rule XXII, or cloture. He sought legislation that he thought would be filibuster proof before he would introduce it.
In essence, by simply threatening to filibuster, McConnell was able to block legislation without lifting a finger. No Republican senator had to make the effort of standing on the Senate floor filibustering for days and the public had no idea why nothing was getting done.
Sterling hits $1.40 for first time in nearly 3 years
Published 2 months ago
By Ritvik Carvalho
LONDON (Reuters) – Sterling hit $1.40 against the dollar for the first time in nearly three years on Friday, as analysts continued to bet Britain’s quick pace of vaccinations will lead to an economic rebound from the country’s worst crash in output in 300 years.
At 0857 GMT, the pound was at $1.4005 against the dollar, up 0.2% on the day. That level was its highest since April 2018.
The pound is the best performing G10 currency this year, up 2.3% against the dollar as investors bet that Britain’s quicker pace of vaccinations will lead to a recovery from the worst annual fall in economic output in three centuries.
Oil extends losses as Texas prepares to ramp up output
Published 2 months ago
By Devika Krishna Kumar
NEW YORK (Reuters) – Oil prices fell for a second day on Friday, retreating further from recent highs as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather.
Brent crude futures were down 33 cents, or 0.5%, at $63.60 a barrel by 11:06 a.m. (1606 GMT) U.S. West Texas Intermediate (WTI) crude futures fell 60 cents, or 1%, to $59.92.
This week, both benchmarks had climbed to the highest in more than a year.
“Price pullback thus far appears corrective and is slight within the context of this month’s major upside price acceleration,” said Jim Ritterbusch, president of Ritterbusch and Associates.
After calling off its bid to buy the data aggregator Plaid, the card network is shifting its focus back to its role as an enabler of digital payments and related services.