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26/09/2023

A short-term spending bill, known as a continuing resolution, will almost certainly be needed to avert many federal agencies from suspending operations when existing monies expire in a week. A group of far-right Republicans has fought against this, seeing it as endorsing government spending they consider too high.

25/09/2023

Infighting between far right and moderate House Republicans has so far stymied attempts to advance most legislation that would keep the government running when the new fiscal year starts on Oct. 1. Their party holds a narrow 221-212 majority in the House and can afford very few defections.

The committee's action, on a rare Saturday session, sets rules for debating the four bills covering fiscal 2024 funding ...
24/09/2023

The committee's action, on a rare Saturday session, sets rules for debating the four bills covering fiscal 2024 funding for the departments of Defense, Agriculture, State and Homeland Security.

he U.S. House of Representatives' Rules Committee on Saturday voted, 9-2, to tee up four appropriations bills for debate...
24/09/2023

he U.S. House of Representatives' Rules Committee on Saturday voted, 9-2, to tee up four appropriations bills for debate on the full House floor, the latest move in Republicans' last-ditch bid to prevent government shutdowns after a Sept. 30 deadline.

U.S. Federal Reserve officials warned on Friday of further rate hikes even after voting to hold the benchmark federal fu...
23/09/2023

U.S. Federal Reserve officials warned on Friday of further rate hikes even after voting to hold the benchmark federal funds rate steady at a meeting this week, with three policymakers saying they remain uncertain the inflation battle is finished.

Despite the Federal Reserve's recent decision to maintain the federal funds rate between 5.25% to 5.5%, Jerome Powell, c...
23/09/2023

Despite the Federal Reserve's recent decision to maintain the federal funds rate between 5.25% to 5.5%, Jerome Powell, chair of the central bank, has indicated a potential rate hike later this year. Cohn expressed concerns over this unprecedented situation where the Federal Reserve is tightening monetary policy to curb inflation while the federal government is simultaneously boosting spending.

Residential property prices fell by 9.9% year-on-year, the steepest decline since the start of data collection in 2000, ...
22/09/2023

Residential property prices fell by 9.9% year-on-year, the steepest decline since the start of data collection in 2000, the federal statistics office said. Prices fell by 1.5% on the quarter, with steeper declines in larger cities than in more sparsely populated areas.

German housing prices fell by the most since records began in the second quarter as high interest rates and rising mater...
22/09/2023

German housing prices fell by the most since records began in the second quarter as high interest rates and rising materials costs took their toll on the property market in Europe's largest economy, government data showed on Friday.

The White House said Wednesday the federal coordinator will be named within five days and will "conduct a comprehensive ...
21/09/2023

The White House said Wednesday the federal coordinator will be named within five days and will "conduct a comprehensive assessment of any unmet needs that are not addressed by Norfolk Southern and would qualify for federal assistance

U.S. President Joe Biden on Wednesday issued an executive order directing the appointment of a disaster recovery coordin...
21/09/2023

U.S. President Joe Biden on Wednesday issued an executive order directing the appointment of a disaster recovery coordinator for the Feb. 3 Norfolk Southern (NYSE:NSC) derailment in East Palestine, Ohio, but did not declare a major disaster.

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