About 24 hours after a federal indictment against Donald Trump was unsealed, the former president appeared at a Georgia rally and not at all surprisingly blasted the Justice Department and mocked special counsel Jack Smith.
23.05.2023 - 22:01 / deadline.com
U.S. stocked closed lower Tuesday on fears of a debt-ceiling impasse that could lead the nation into recession.
The Dow fell 230 points, reversing earlier gains. Other indexes lost ground too with the S&P 500 dipping by 1.12%, the Nasdaq by 1.26% and the Russell 2000 by 0.43%. President Joe Biden and House leader Kevin McCarthy met yesterday afternoon and called their talk constructive but there was still no sign of a deal to allow the U.S. to continue borrowing to fund its broad range of financial obligations. Republicans continue to ask for wide spending cuts and some other measures to support raising the debt ceiling.
It’s getting close to a so-called X-Date – or the moment when absent that raise the U.S. government will no longer be able to pay bills of any kind, including interest on government bonds, salaries for federal employees, contractors, payments to agencies and programs including Social Security and Medicare, and to the military. The U.S. hasn’t defaulted on its debt in this way before, so it would be uncharted territory. Treasury Secretary Janet Yellen says that with no agreement the earliest X-Date could fall as early as June 1.
Recession fears prompted by high interest rates and inflation have been weighing on media stocks already, especially those most dependent on advertising. The shares followed the broader markets lower today with Warner Bros. Discovery falling nearly 4%. Disney, Netflix and Comcast were down around 2%.
The U.S. last came close to defaulting on its debt in August of 2011 under President Obama with similar brinksmanship by Republicans in Congress. A deal then was reached around 72 hours from a deadline following S&P downgrading the U.S. credit rating for the first time in the
About 24 hours after a federal indictment against Donald Trump was unsealed, the former president appeared at a Georgia rally and not at all surprisingly blasted the Justice Department and mocked special counsel Jack Smith.
U.S. Secretary of Transportation Pete Buttigieg blasted Republicans attacking the LGBTQ community on Tuesday, saying the reason right-wing lawmakers have decided to target them is they don’t want to talk about their “radical positions,” including opposing President Joe Biden’s massive infrastructure law and other accomplishments, like $35 insulin.Appearing on MSNBC, Secretary Buttigieg was asked to weigh in on the Human Rights Campaign’s declaration earlier in the day, of a national emergency in the U.S.
said Sunday on “Inside with Jen Psaki.”Psaki took the hypothetical one step further to propose that the former president “could be wearing an ankle bracelet, and be elected in November.”“You would be rejected if you put it in a script for a show, but you could have a president who is potentially incarcerated when he is elected president,” Comey continued. In addition to being found liable last month for sexual abuse and defamation committed against author E.
*running up steps*Me: They closed it. Boebert: They closed it?*keeps running* https://t.co/Zwr6Jp3JnH pic.twitter.com/HG76kWv7NJRimmer wrote: “Here is a clip from that night outside the Capitol, showing Rep.
a Washington Post column from David Ignatius, in which Ignatius argues that Biden “delivered” this week on his inauguration promise that “My whole soul is in this, bringing America together.” But, for Joe Scarborough, Biden “not only delivered this week, he’s been delivering for quite some time.”“You look at how he once again, once again, defied expectations, not only from the haters, but his own party, and it’s a pretty remarkable record,” Scarborough said. “You look at the bipartisan legislation and anybody who would mock that, Willie, please, show me a president in the last 25 years, the last quarter century, that’s had more bipartisan legislation than Joe Biden.”Scarborough also compared Biden to singer Neil Young, recounting a story of a concert Scarborough went to a few years ago, during which Young responded to fans calling out song requests by saying “You know, I’ve done this before.” Scarborough noted that that memory now reminds him of Biden, because “there’s no substitute for experience,” to which Willie Geist largely agreed.“He’s been there before he’s experienced.
UPDATE: The Senate is poised to vote on the debt ceiling bill after leaders reached an agreement for a speedier process to ensure that the legislation gets to Joe Biden’s desk before a Monday deadline and prevent a default of the U.S. economy.
implying the former party found the bill more beneficial than the latter. Reporters questioned McCarthy about the bipartisan nature of the voting, asking whether the Republican speaker regretted not pushing for deeper spending cuts and other hard-right demands to be included in the bill. “This is great.
The U.S. cleared another hurdle in avoiding its first default, as a the House of Representatives passed compromise legislation to suspend the debt ceiling.
A video of the falling star amassed over 7.4 million views on TikTok as fans expressed concern over the “Dancing in the Dark” singer’s safety.Springsteen, 73, and the E Street Band were launching their hit song “Ghosts” at the Johan Cruijff Arena in Amsterdam.Things took a turn after the Rock & Roll Hall of Famer attempted to walk up the stage stairs with a guitar around his neck, and ended up tripping and falling to the floor as fans gasped. The “If I Should Fall Behind” crooner lay on his back for several seconds and bandmates immediately rushed over and helped him stand back up.carefull bruce #brucespringsteen #brucespringsteentour2023 #johancruijffarena #amsterdam #foryou Thankfully, it appeared Springsteen wasn’t hurt during his impromptu stage dive as he rose to his feet with a smile and quipped, “Good night, everybody.” The multi-Grammy winner then finished the concert like a champ.
Stock indexes are mixed Tuesday after President Joe Biden and House Speaker Kevin McCarthy hashed out debt deal over the long weekend, one that now faces a key committee approval to get to the floor for a vote.
revised version of the bill that rolls back some of its more severe provisions. For instance, under the original version of the legislation, merely identifying as LGBTQ could land someone in prison, while under the new law, only those who engage in same-sex conduct can be prosecuted.The revised version of the bill also rolls back provisions that would have required family, friends, and neighbors to report any suspected same-sex activity, even between consenting adults, to authorities or risk fines and imprisonment.
Geraldo Rivera has voiced his strong approval of the tentative debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy and has scolded its critics, telling them, “It Is called compromise.”“To opponents of the not-so-grand compromise that avoids a catastrophic debt default-It is called compromise because it’s just good enough for both sides. Congratulations to negotiators and thank you for defying your crazies,” Rivera wrote on Twitter early Sunday.
The White House and House Republicans reached an agreement in principle on Saturday to raise the debt ceiling and avert a default.
Is it really a surprise to anyone that the same people who are trying to censor LGBT and Black history through the banning of books are the same ones PROMOTING white supremacy and Nazism? Because there seems to be a theme going here!
Well, this is infuriating!
wrote on Twitter on Tuesday. The request to ban “The Hill We Climb: An Inaugural Poem for the Country,” which includes Gorman’s now-famous spoken word “The Hill We Climb” that she recited at the 2021 inauguration of Joe Biden was made in March, per a complaint Gorman also posted on Twitter. In the ban request the complainant claimed “The Hill We Climb” contains content that is “not educational,” and that it is “indirectly hate messages.” They also stated that the subject matter is “not for schools” and it can “cause confusion” and “indoctrinates students.” On the document, the complainant stated that Oprah Winfrey was the “author/publisher” of the book though the poem was written by Gorman. “Book bans aren’t new. But they have been on the rise—according to the ALA, 40% more books were challenged in 2022 compared to 2021,” Gorman continued.
Amanda Gorman is speaking out after it was reveal that her poem, “The Hill We Climb”, which was read at Joe Biden‘s Presidential Inauguration, was banned in Florida.
end school desegregation settlements and minimize the restrictions of child labor laws in her state. “Don’t worry, Republicans are in control in Arkansas, and they’re on both those big problems,” Maddow said sarcastically.
READ MORE: DeSantis slams Trump as having 'no chance' of beating Joe Biden in 2024She claimed: "I was dressed and ready to go, and I saw this stack of cash in his hand. "I said; 'I'm not that kind of girl'. He knew he'd made a mistake when he saw how upset I was.
Sen. Bernie Sanders and California Congressman Adam Schiff tweeted out their support for the Directors Guild of America as it begins negotiations today for a new film and TV contract.