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Apr 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US Senate

US Senate meets on Saturday to consider $1 trillion infrastructure bill
World

US Senate meets on Saturday to consider $1 trillion infrastructure bill

  • The package, which represents the biggest investment in decades in America's physical infrastructure including roads, bridges, airports and waterway
  • It's just the way this place works. People want their amendments to be voted on, and when they can't get them voted on because one side or the other objects, then they hold up everybody else
Published 07 Aug, 2021 05:54pm
US House approves $715bn infrastructure bill
World

US House approves $715bn infrastructure bill

  • The bill, which includes provisions from President Joe Biden's initial $2.3 trillion infrastructure proposal, authorizes additional spending for roads, bridges, highway safety, electric vehicle charging stations, rail, transit, drinking and wastewater infrastructure.
Published 01 Jul, 2021 09:41pm
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
Fed will not keep interest rates low for government's benefit, Waller says
World

Fed will not keep interest rates low for government's benefit, Waller says

  • "My goal today is to definitively put that narrative to rest. It is simply wrong. Monetary policy has not and will not be conducted for these purposes."
  • The Fed's board members and the central bank's powerful chief are appointed by the president with approval of the US Senate, but the governors' long terms and protection from partisan dismissals are meant to insulate the central bank from political pressures.
Updated 29 Mar, 2021 08:09pm
Biden considers executive actions on guns, calls on Congress to pass weapons ban
World

Biden considers executive actions on guns, calls on Congress to pass weapons ban

  • U.S. President Joe Biden urged Congress to swiftly pass gun control laws and may take action on his own to stop mass violence, the White House said on Tuesday, a day after the second deadly mass shooting in a week.
  • The Democrat called on the Senate to approve two bills passed by the House of Representatives on March 11 that would broaden background checks on gun buyers. He also called for a ban on assault-style weapons.
Published 24 Mar, 2021 01:42pm