#economic-policy

#economic-policy

On May 27, House Speaker Kevin McCarthy and President Joe Biden announced they had reached a deal to raise the country's debt ceiling before the looming deadline.At the time, Biden said reaching accord meant some compromise, which meant that while the agreement "protects my and congressional Democrats' key priorities and legislative accomplishments... not everyone gets what they want.

Boris Johnson joked about sending a message to Rishi Sunak calling him a c*** in the aftermath of his resignation as chancellor, it has been claimed.Guto Harri, who served as No 10's director of communications under Mr Johnson, has claimed that the ex-prime minister found a video he wanted to send to Mr Sunak in the days after he left Government.

Nearly 30% of all Britain's postwar prime ministers will have been in office in the past six years, all from the same party.But the cause of this chronic political instability is not just Tory psychodrama: it's an economic model that has failed to deliver rising living standards.David Cameron's political career was consumed by a referendum result in which resentment over stagnating incomes played a key role: as one detailed academic study found, Dissatisfaction over austerity measures was significant enough to give the leave campaign its majority.

France and Germany are seeking to overcome differences laid bare by Russia's war in Ukraine and shore up their alliance with a day of ceremonies and talks on Europe's security, energy and other challenges.ermany's entire cabinet is in Paris on Sunday for joint meetings, and 300 politicians from both countries are coming together at the Sorbonne University to mark 60 years since a landmark treaty sealed a bond between the long-time enemies that underpins today's European Union.

France and Germany are seeking to overcome differences laid bare by Russia's war in Ukraine and shore up their alliance with a day of ceremonies and talks Sunday on Europe's security, energy and other challenges.Germany's entire Cabinet is in Paris for joint meetings, and 300 lawmakers from both countries are coming together at the Sorbonne University to mark 60 years since a landmark treaty sealed a bond between the longtime enemies that underpins today's European Union.

"A multibillion-dollar tax cut for the rich should not be the last act of a Democratic Congress," said one critic.Charles Sicknick, the father of Capitol Police officer Brian Sicknick who died after the events of January 6, declines a handshake from Senate Minority Leader Mitch McConnell during a Congressional Gold Medal Ceremony for U.S. Capitol Police and D.C., on December 6, 2022.Anna Moneymaker/Getty Images Progressive advocacy groups and economic analysts on Tuesday denounced retirement savings-related tax changes embedded in Congress' end-of-year $1.7 trillion spending package, characterizing the pending reforms taken directly from the SECURE 2.0 Act as a "giveaway to the rich."

It is an economic and social necessity.On the contrary: high, inclusive and sustainable growth is the answer to many of our economic, financial, social and institutional challenges.It is about the government and the Bank of England working better together to deliver both economic growth and financial stability.Fortunately, this is not about the UK facing a 1970s type of economic and financial turmoil that would have the government go, cap in hand, to the International Monetary Fund, as in 1976.riday, the day of Kwasi Kwarteng's "fiscal event", was a day for the economic and financial history books, a day of eye-popping one-day moves in UK financial assets that should be of interest to more than traders, economists and economic historians.

The MP suspended by Labour for calling Kwasi Kwarteng superficially Black has apologised to the chancellor.Ms Huq tweeted: I have today contacted Kwasi Kwarteng to offer my sincere and heartfelt apologies for the comments I made at yesterday's Labour conference fringe meeting.He is believed to have said that the chancellor's Conservative allegiance doesn't make him not Black ... and I think the Labour Party has to be really careful.The controversy is a rare moment of disruption of a Labour conference that has otherwise run smoothly for Sir Keir, amid Tory turmoil over economic policy.