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Philippine Lawmaker Proposes Strategic Bitcoin Reserve to Tackle National Debt
The Philippines is thinking about setting up a Strategic Bitcoin Reserve to help with its rising debt. Congressman Miguel Luis Villafuerte came up with the idea for the bill, which says that the government must buy 10,000 BTC over five years and hold it for 20 years, only using it to pay off debt. It comes after the US launched its reserves, while ...
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US House Sets Make-Or-Break Final Vote On Trump Tax Bill Soon
US lawmakers teed up a final vote on Donald Trump's marquee tax and spending bill for early Thursday after a bruising day of Republican infighting that threatened to derail the centerpiece of the president's domestic agenda.
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"Billion People Backing You": Why China Is Supporting Musk Amid Feud With Trump
A few hours after the Senate passed the bill on Wednesday, the hashtag #MuskWantsToBuildAnAmericaParty went viral on Weibo, a Chinese social media platform and has received more than 37 million views.
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US Senate Approves Trump's Divisive "One Big Beautiful Bill"
The Republican-led US Senate approved Donald Trump's flagship spending bill Tuesday after a marathon voting session on the deeply unpopular package, set to slash social welfare programs and add an eye-watering $3 trillion to the national debt.
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US Lawmakers Join Trump-Musk Government Shakeup
Republicans vowed Wednesday to tackle the "stunning" US national debt, as lawmakers began work on President Donald Trump's plan for the most radical downsizing of the federal government in decades.
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'Will Take CEO Outside Politics To Fix US Debt Crisis': Vivek Ramaswamy
Rpublican presidential candidate Vivek Ramaswamy has proposed a Zero-Base Federal Budgeting to solve the national debt crisis, which has now gone up to USD33 trillion.
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"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
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US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
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US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes
Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...
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"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
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US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
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FM Nirmala Sitharaman, US Treasury Secretary Janey Yellen Discuss Debt, Crypto at G20 Meet
Indian Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said.
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US Congress To Avert Default With Stop-Gap Debt Limit Hike
US lawmakers were set Tuesday to rubber-stamp a short-term bill to lift the nation's borrowing authority, averting the threat of a debt default -- but only for a few weeks.
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US Approves Stop-Gap Deal To Avert Debt Default
The US Senate voted Thursday to stave off a credit default that would have sparked a recession and roiled world markets as Democrats and Republicans agreed to a stop-gap fix to raise the nation's debt limit.
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China Calls On US To Pay Its Debts To The United Nations
China on Friday issued a statement calling on all UN member states to "actively fulfill their financial obligations to the United Nations," stressing that Washington owes the organization more than $2 billion.
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Philippine Lawmaker Proposes Strategic Bitcoin Reserve to Tackle National Debt
The Philippines is thinking about setting up a Strategic Bitcoin Reserve to help with its rising debt. Congressman Miguel Luis Villafuerte came up with the idea for the bill, which says that the government must buy 10,000 BTC over five years and hold it for 20 years, only using it to pay off debt. It comes after the US launched its reserves, while ...
-
US House Sets Make-Or-Break Final Vote On Trump Tax Bill Soon
US lawmakers teed up a final vote on Donald Trump's marquee tax and spending bill for early Thursday after a bruising day of Republican infighting that threatened to derail the centerpiece of the president's domestic agenda.
-
"Billion People Backing You": Why China Is Supporting Musk Amid Feud With Trump
A few hours after the Senate passed the bill on Wednesday, the hashtag #MuskWantsToBuildAnAmericaParty went viral on Weibo, a Chinese social media platform and has received more than 37 million views.
-
US Senate Approves Trump's Divisive "One Big Beautiful Bill"
The Republican-led US Senate approved Donald Trump's flagship spending bill Tuesday after a marathon voting session on the deeply unpopular package, set to slash social welfare programs and add an eye-watering $3 trillion to the national debt.
-
US Lawmakers Join Trump-Musk Government Shakeup
Republicans vowed Wednesday to tackle the "stunning" US national debt, as lawmakers began work on President Donald Trump's plan for the most radical downsizing of the federal government in decades.
-
'Will Take CEO Outside Politics To Fix US Debt Crisis': Vivek Ramaswamy
Rpublican presidential candidate Vivek Ramaswamy has proposed a Zero-Base Federal Budgeting to solve the national debt crisis, which has now gone up to USD33 trillion.
-
"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
-
US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
-
US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes
Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...
-
"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
-
US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
-
FM Nirmala Sitharaman, US Treasury Secretary Janey Yellen Discuss Debt, Crypto at G20 Meet
Indian Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said.
-
US Congress To Avert Default With Stop-Gap Debt Limit Hike
US lawmakers were set Tuesday to rubber-stamp a short-term bill to lift the nation's borrowing authority, averting the threat of a debt default -- but only for a few weeks.
-
US Approves Stop-Gap Deal To Avert Debt Default
The US Senate voted Thursday to stave off a credit default that would have sparked a recession and roiled world markets as Democrats and Republicans agreed to a stop-gap fix to raise the nation's debt limit.
-
China Calls On US To Pay Its Debts To The United Nations
China on Friday issued a statement calling on all UN member states to "actively fulfill their financial obligations to the United Nations," stressing that Washington owes the organization more than $2 billion.
