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Bank of America Head Predicts Start of Recession in US in Second Half of 2023

Bank of America CEO Brian Moynihan said Sunday the country may face a mild recession in the second half of this year and in the first quarter of the next year. ....

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Biden's Finish Line

US President Joe Biden addressed the nation on Friday, congratulating both sides of the political aisle for “putting the good of the country ahead of politics” and clearing the debt ceiling deal. ....

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US debt ceiling deal: How odd pair, Joe Biden and Kevin McCarthy, saved the US economy

The bar was set low for Kevin McCarthy, a newcomer to the speakership, while Joe Biden is an unpopular president who first refused to talk on lifting the debt ceiling. Also, the fact that they are on opposing sides in Washington s political fight makes their feat all the more remarkable ....

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US Congress Passes Debt Ceiling Deal to Avert Government Default

The vote follows tense negotiations between President Joe Biden, a Democrat, and House Speaker Kevin McCarthy, a Republican. The two parties struggled to work. 02.06.2023, Sputnik International ....

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US debt ceiling deal: What's in it and why is the country not out of trouble yet?

The US House overwhelmingly passed the package which slightly cuts government spending and suspends the debt ceiling till 2025. While both sides are unhappy, the Republicans are far more upset than the Democrats with some Freedom Party members already bringing up removing Speaker Kevin McCarthy ....

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