Getting a US debt-limit deal is one thing. Overcoming entrenched political divisions and time-consuming procedural hurdles to pass the legislation before a June 5 default deadline is another challenge altogether.
Indonesia’s state utility company, PT PLN, seeks to tap funds from a $20 billion climate finance deal to replace its diesel-fueled power plants with solar.
President Joe Biden and House Speaker Kevin McCarthy compromised on bitterly contested disputes over federal spending and assistance for the poor as part of their debt-limit deal. They must now sell the deal to lawmakers from both parties.
Authorities in Vietnam’s central coastal province of Binh Dinh are seeking central government approval for a port at a key steel complex project worth 53.5 trillion dong ($2.3 billion), news website VnExpress reported, citing a document sent to the investment ministry on Saturday.
A plan to speed up energy project approvals has largely been scrapped from the accord to lift the debt ceiling, a win for progressives who opposed broad changes to a bedrock environmental law, according to a Democratic aide familiar with the matter.
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