WASHINGTON — U.S. President Joe Biden signed into law on Saturday legislation that suspends the U.S. government’s debt limit through January 2025 and avoids a potentially disastrous default just days before the government runs out of cash to pay its bills. His signature came with two days to spare: the Treasury Department had said the government […]
U.S. lawmakers are examining the details of an agreement to increase the country’s borrowing limit ahead of votes expected in the coming days, as both President Joe Biden and House Speaker Kevin McCarthy urge them to approve it. The proposal includes waiving the existing $31.4 trillion debt ceiling until January 2025 and a two-year budget […]
U.S. President Joe Biden marked the country’s Memorial Day on Monday, saying that Americans “must never forget the price” paid by military service members who were killed fighting battles abroad. “They laid down their lives to protect the idea of the United States of America, that people can live in a free democracy,” Biden said […]
McDonald’s announced Monday plans to lay off a number of corporate employees and closed U.S. offices through Wednesday as the company prepares to deliver the notifications as part of a larger restructuring plan. The international fast-food company closed its U.S. offices and some international ones “out of respect,” and to “provide dignity, confidentiality, and comfort […]