President Joe Biden said he feels 'very good' about the prospects of the debt ceiling agreement advancing through Congress. AFP
President Joe Biden said he feels 'very good' about the prospects of the debt ceiling agreement advancing through Congress. AFP
President Joe Biden said he feels 'very good' about the prospects of the debt ceiling agreement advancing through Congress. AFP
President Joe Biden said he feels 'very good' about the prospects of the debt ceiling agreement advancing through Congress. AFP

Biden and McCarthy push Congress to advance debt ceiling deal


Kyle Fitzgerald
  • English
  • Arabic

President Joe Biden and House Speaker Kevin McCarthy are pushing Congress to advance the debt ceiling deal that would avoid a catastrophic default.

While Mr Biden and Republican leaders may have agreed to a deal at the weekend, they now face the task of convincing hardliners in their party to support the bill.

“Look, you know I never say I’m confident what the Congress is going to do. But I feel very good about it,” Mr Biden told reporters on Monday.

When asked about his message for Democrats who have reservations about the bill, Mr Biden said: “Talk to me”.

House Minority Leader Hakeem Jeffries has not yet publicly stated his support for the bill and Mr Biden is unsure if he can convince progressives in the House, such as Representative Pramila Jayapal's progressive caucus, to back it.

“The answer is: I don’t know. I have a good relationship with Jayapal. I haven’t had a chance to speak to her yet,” he said.

Meanwhile, Mr McCarthy said he expects most Republicans to back the bill. Still, it faces a major test on Tuesday.

Three hardline members in the Republican Party – who have been critical of Mr McCarthy – sit on the Rules Committee responsible for advancing the bill to a full vote on the House floor.

House Freedom Caucus chairman Scott Perry said the debt ceiling deal "totally fails to deliver" on the original positions of Republican lawmakers, pointing to funding for the Internal Revenue Service and by not removing Mr Biden's student loan forgiveness plan from the bill.

"And we will do everything in our power to stop and end it now," Mr Perry said.

Mr Biden and Mr McCarthy finalised their deal on Sunday after reaching a tentative agreement earlier in the weekend.

Should the bill pass, it would suspend the US's $31.4 trillion debt ceiling until January 2025, thus avoiding another showdown until after the 2024 presidential election.

The deal would also boost US defence spending to $886 billion, a 3 per cent increase and in line with Mr Biden's 2024 budget.

Under the deal, veterans' medical care would be fully funded, including funding for the toxic exposure fund from the PACT Act.

The deal also makes it easier for fossil fuel and other energy projects to receive permit approval, one of the key sticking points for Republican leadership.

Unused Covid-19 funding, however, will be clawed back – roughly $30bn of it.

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Price, as tested: Dh84,000

Engine: 1.4L, four-cylinder turbo

Transmission: Six-speed auto

Power: 142hp at 4,900rpm

Torque: 200Nm at 1,850rpm

Fuel economy, combined: 6.5L / 100km

Expert advice

“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”

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Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre 

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Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
 

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

GAC GS8 Specs

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Power: 248hp at 5,200rpm

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Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

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What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Result

2.15pm: Maiden Dh75,000 1,950m; Winner: Majestic Thunder, Tadhg O’Shea (jockey), Satish Seemar (trainer).

2.45pm: Handicap Dh80,000 1,800m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

3.15pm: Handicap Dh85,000 1,600m; Winner: Native Appeal, Adam McLean, Doug Watson.

3.45pm: Handicap Dh115,000 1,950m; Winner: Conclusion, Antonio Fresu, Musabah Al Muhairi.

4.15pm: Handicap Dh100,000 1,400m; Winner: Pilgrim’s Treasure, Tadhg O’Shea, Satish Seemar.

4.45pm: Maiden Dh75,000 1,400m; Winner: Sanad Libya, Richard Mullen, Satish Seemar.

5.15pm: Handicap Dh90,000 1,000m; Winner: Midlander, Richard Mullen, Satish Seemar

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

MATCH INFO

Uefa Champions League quarter-final second leg:

Juventus 1 Ajax 2

Ajax advance 3-2 on aggregate

Updated: May 30, 2023, 4:43 PM