The Senate cleared a measure suspending the U.S. debt limit for President Barack Obama’s signature after Republicans dropped demands for policy conditions that in past years risked a potential default.
President Barack Obama signed an executive order raising the minimum wage to $10.10 an hour for U.S. government contract workers in the future, fulfilling a promise from his State of the Union address.
The Senate plans to vote today on legislation to lift the U.S. debt limit without conditions and send the measure to President Barack Obama, marking a win for Democrats who refused to consider Republican conditions.
Eric Garcetti, who began his Los Angeles mayoral term seven months ago, wants to phase out a business tax he says drives away companies and has left the city with a smaller employment base than three decades ago.
The new U.S. debt ceiling is $17.2 trillion, the Treasury Department said in a report today as members of Congress prepared to vote on a measure to suspend the restriction on the nation’s borrowing capacity.
U.S. stocks rose, giving benchmark indexes the biggest four-day rally in more than a year, as comments by Federal Reserve Chairman Janet Yellen fueled bets the economy is strong enough to weather further stimulus cuts.
Embattled New Jersey Governor Chris Christie went on the offensive in a speech in Chicago today, challenging some in his own party on what Republicans should stand for as they prepare for the 2016 presidential election.
Treasury-bill auctions suggest investors are betting U.S. lawmakers will successfully raise the nation’s borrowing limit after Speaker John Boehner said the House will vote on the measure with no conditions attached.