Thursday, November 21, 2024
More
    HomeWorldUS House Speaker McCarthy Faces Growing Risks as Debt Ceiling Agreement Advances

    US House Speaker McCarthy Faces Growing Risks as Debt Ceiling Agreement Advances

    Related stories

    Will Solana Surpass Ethereum in Dominance?

    Solana Set for a New All-Time High: $600 and Beyond This Bull Run?

    The post Is Solana Going to Dethrone Ethereum? appeared first on Coinpedia Fintech News

    Solana is catching attention in the crypto world with its strong performance against Bitcoin and record-breaking blockchain activity. The SOL/BTC ratio has broken out of a long consolidation phase, and on-chain metrics are hitting new highs. Could this be Solana’s time to shine and challenge Ethereum? Let’s break it down. SOL/BTC Ratio Breaks Out After …

    HerKey Wraps Up Impactful AccelHERate 2024 in Hyderabad, Sustains Drive for Workplace Diversity

    HerKey, India's leading women’s career community, recently wrapped up...

    AM Green Kakinada Cluster Becomes a Member of the World Economic Forum.

    Hyderabad: The AM Green Kakinada Cluster has joined the...

    The House Freedom Caucus is opposing a new debt deal that could lead to Kevin McCarthy’s removal from his role as US House Speaker. McCarthy is accused of breaking promises he made to the group to gain their support. The deal received approval from the House Rules Committee, but the House Freedom Caucus wants Republicans to vote against it. They feel the debt limit deal does not meet their standards and that they wanted more spending cuts. The package could reduce deficits by $1.5 trillion over the decade.

    North Carolina House Representative Dan Bishop publicly supported ousting Kevin McCarthy. The House Freedom Caucus is also calling for his removal from the role of US House Speaker. Rep. Scott Perry, Pennsylvanian Republican, the chairman of the Freedom Caucus, said, “This deal fails, fails completely, and that’s why these members and others will be absolutely opposed to the deal.”

    - Advertisement -LandSeeker

    Matt Gaetz, a Republican opposed to McCarthy’s speakership, said changes McCarthy negotiated with Biden were cosmetic in nature. He said there is potential for triggering “an immediate motion to vacate”. This rarely employed measure has not resulted in the removal of any Speaker thus far.

    - Advertisement -

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here