The House of Representatives passed with overwhelming majority a bill to suspend the United States' debt limit through January 1, 2025.The Bill needs to be passed by the Senate to avert a first-ever default ahead of June 5 deadline given by the Treasury Department. The debt ceiling is a spending limit stipulated by Congress which determines how much money the government can borrow.If the debt ceil...
For comments and feedback contact: editorial@rttnews.com
Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.