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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Joe Biden

US and Turkish businesses urge presidents to rebuild ties
World

US and Turkish businesses urge presidents to rebuild ties

  • Tayyip Erdogan and Joe Biden are due to hold talks at a NATO summit on June 14, their first face-to-face meeting since Biden took office in January.
  • Given the current challenges caused by the global pandemic, we feel very strongly that this is a time to keep allies as allies rather than focus on differences.
Published 02 Jun, 2021 07:00pm
Gold slips on robust U.S. data, rising yields
Markets

Gold slips on robust U.S. data, rising yields

  • U.S. Treasury yields rose, translating into increased opportunity cost of holding non-yielding gold, on reports that President Joe Biden will announce on Friday a $6 trillion budget for 2022.
Published 27 May, 2021 10:26pm
Biden to push $6 trillion US budget for next fiscal year
World

Biden to push $6 trillion US budget for next fiscal year

  • Citing documents it had obtained, the Times said the Democratic president planned to pay for his agenda through increased taxes on corporations and high earners, and that the budget deficits would start to decrease in the 2030s.
  • "It just seems like the trillions keep on coming," Republican US Senator Shelley Moore Capito, who is leading a group of colleagues pursuing a counteroffer to Biden's current $1.7 trillion infrastructure proposal.
Published 27 May, 2021 07:13pm
US Republicans unveil $928 billion infrastructure counteroffer
World

US Republicans unveil $928 billion infrastructure counteroffer

  • The plan, from a group of six Republicans led by Senator Shelley Moore Capito, represents their counter-offer to a week-old $1.7 trillion White House proposal that slashed more than $500 billion from Biden's original $2.25 trillion plan in a bid to reach a bipartisan agreement.
  • "Senate Republicans continue to negotiate in good faith," Capito told a news conference. "There is a real hunger for bipartisanship in the United States Senate."
Published 27 May, 2021 06:33pm