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Tuesday, August 9th, 2016

U.S. Senate votes to end budget impasse, shifting focus to House

20:53:25The Senate voted overwhelmingly – 81 to 18 — to end Washington’s budget impasse, a result that will put added pressure on the House of Representatives to do the same. Republican House Speaker John Boehner confirmed earlier Wednesday that he won’t oppose the bipartisan budget compromise, signalling the end of Washington’s weeks-long fight over fiscal […]

U.S. House passes bill to defuse debt crisis – Consult with a Vancouver Mortgage Broker

DAVID LAWDER WASHINGTON — Reuters The U.S. House of Representatives on Wednesday passed a Republican plan to allow the federal government to keep borrowing money through mid-May, clearing it for fast enactment after the top Senate Democrat and White House endorsed it. The vote in the Republican-controlled House was 285-144, with no votes coming from 33 Republicans […]

‘Fiscal cliff’ deal lays groundwork for future battles over spending and debt

U.S. Congress‘ excruciating, extraordinary New Year’s Day approval of a compromise averting a prolonged tumble off the fiscal cliff hands President Barack Obama most of the tax boosts on the rich that he campaigned on. It also prevents House Republicans from facing blame for blocking tax cuts for most American households, though most GOP lawmakers […]

Flaherty welcomes fiscal cliff deal, but warns U.S. not yet out of the woods

OTTAWA – Canada welcomed Washington’s last-minute deal on the fiscal cliff on Wednesday, but warned that significant risks remained and urged more action to put the U.S. fiscal situation on a sustainable path. “Canada welcomes the agreement reached between the (U.S. President Barack Obama) and the Congress that protects the U.S. economy in the short […]

Mark Carney sees more than a year of soft growth

The deteriorating global picture is turning what had been a soft patch for Canada’s export-heavy economy into more than a year of sluggish growth, the Bank of Canada said Wednesday in a new quarterly forecast. A day after leaving their benchmark interest rate at 1 per cent for a ninth consecutive meeting, Bank of Canada Governor Mark Carney and […]


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