President Joe Biden said that he was confident that legislation based on the tentative deal that he reached with House Speaker Kevin McCarthy on Saturday to avert a historic US default will reach his desk.
House Speaker Kevin McCarthy expressed confidence Sunday that Congress would pass the debt-limit deal he negotiated with President Joe Biden, calling it a “transformational” move to rein in spending that a majority of Republicans would support.
The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit.
Turkish President Recep Tayyip Erdogan sealed an election victory that appeared unlikely just weeks ago, raising the prospect of more friction with Western governments and international investors.
South Africa’s Eskom Holdings SOC Ltd. will cut 5,000 megawatts of power from the grid from 4 p.m. Sunday until 5 a.m. on Monday, instead of 4,000 megawatts, it said in a statement on Twitter.
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