Skip to main content

"It's Liberation Day In America," Posts Trump Ahead Of Tariffs Announcement

US President Donald Trump geared up to unveil sweeping new "Liberation Day" tariffs on Wednesday in a move that threatens to ignite a devastating global trade war. Key US trading partners including the European Union and Britain said they were preparing their responses to Trump's escalation, as nervous markets fell in Europe and America. Trump will unveil the levies in a grand ceremony with his cabinet members in the White House Rose Garden -- just as Wall Street stocks close at 4:00 pm (2000 GMT). "IT'S LIBERATION DAY IN AMERICA!" Trump posted a one-liner on his Truth Social platform early Wednesday. The 78-year-old has promised so-called reciprocal tariffs on friends and foes alike if they target the world's largest economy, saying the levies will stop the United States being "ripped off." But Trump has kept the world guessing until the last minute about the scale and scope, with the White House saying he was still "perfecting"...

US House Passes Bipartisan Bill To Avoid Government Shutdown

Last-gasp moves to prevent a US government shutdown took a dramatic step forward Saturday, as Democrats overwhelmingly backed an eleventh-hour Republican measure to keep federal funding going for 45 days, albeit with a freeze on aid to Ukraine.

The stopgap proposal adopted by the House of Representatives with a vote of 335-91 was pitched by Speaker Kevin McCarthy just hours before a midnight shutdown deadline that would have seen millions of federal employees and military personnel sent home or required to work without pay.

The deal still has to be approved by the Democrat-controlled Senate.

CNN quoted an administration official as saying the White House would likely support the bill in order to keep the government open with the expectation of being able to restore Ukraine aid later. 

The shutdown crisis was largely triggered by a small group of hardline Republicans who had defied their own party leadership to scupper various temporary funding proposals as they pressed for deep spending cuts.

Saturday's agreement could end up costing McCarthy his job, as the hardliners had threatened to remove him as speaker if a stopgap measure they opposed was passed with Democrat support.

Pitching his last-gasp proposal, McCarthy had appealed to both Republicans and Democrats to "put your partisanship away" and dismissed the threat to his job.

"If somebody wants to remove (me) because I want to be the adult in the room, go ahead and try," he said.

The proposed plan would keep the government funded at current levels without the hardline-backed spending cuts that Democrats had viewed as a non-starter. But the lack of assistance for Ukraine was problematic.

Arming and funding Ukraine in its desperate war against the Russian invasion has been a key policy plank for President Joe Biden's administration and, while the stopgap is only temporary, it does raise questions over the political viability of renewing the multibillion-dollar flow of assistance.

The Democrat-controlled Senate had been prepared to vote on its own stopgap bill later Saturday -- one that did include funding for Ukraine.

"This is enough to keep the government open, and I'm not going to shut the government down over foreign aid," one House Democrat, Jared Moskowitz, told CNN, while making clear he was a strong supporter of Ukraine aid.

The freeze of all but critical government services had been set to start after midnight (0400 GMT Sunday), immediately delaying salaries for millions of federal employees and military personnel.

A shutdown would have meant the majority of national parks, for example -- from the iconic Yosemite and Yellowstone in the west to Florida's Everglades swamp -- would be closed to public access beginning Sunday.

With student loan payments resuming in October, officials also said Friday that key activities at the Federal Student Aid office would continue for a couple of weeks.

But a prolonged shutdown could cause bigger disruptions, percolating through the wider economy.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



from NDTV News- Special https://ift.tt/bixMGJW

Comments

Popular posts from this blog

युवाओं ने निकाली कौमी एकता रैली, डेंगू मुक्त भिलाई बनाने का लिया संकल्प

छत्तीसगढ़ के दुर्ग जिले के वैशालीनगर विधान सभा क्षेत्र में स्वतंत्रता दिवस के उपलक्ष्य में कौमी एकता रैली का आयोजन किया गया. from Latest News छत्तीसगढ़ News18 हिंदी https://ift.tt/2wbsTPZ

Maldives Military To Have Operational Control Of Chopper, Crew From India

The Maldivian defence force on Thursday said it will have operational authority over the helicopter given by India to the island nation and the civilian crew that will pilot it. Addressing a press conference, the Principal Director of Plans, Policy, and Resources Management for the Maldives National Defence Force (MNDF), Colonel Ahmed Mujuthaba Mohamed said that discussions are underway for withdrawing Indian troops from the Maldives. He emphasised that the government of President Mohamed Muizzu has decided not to permit any foreign troops to remain stationed in the Maldives beyond May 10, PSM News, the state broadcaster reported. Last week, India said its first civilian team of technical experts has reached the Maldives to replace the military personnel operating an advanced light helicopter in the island nation. "The first team of technical personnel to operate the advanced light helicopter has reached the Maldives. It will replace the existing personnel who were operating t...

सामने आया सलमान खान की फिटनेस का राज, ऐसे बन सकते हैं आप भी 'सुल्तान'

बॉलीवुड के भाईजान यानी कि सलमान खान आज अपना 53वां जन्मदिन मना रहे हैं. जिसके चलते सलमान ने पनवेल के अपने फार्म हाउस पर लेटनाईट शानदार पार्टी भी दी. ऐसे में सलमान खान की गर बात हो और उनकी फिटनेस का जिक्र न छिड़े ये तो हो ही नहीं सकता, 53 की उम्र में भी सलमान एक दम फिट नज़र आते हैं. उनकी उम्र उन पर हावी होती नहीं दिखाई पड़ती, क्या है उनकी इस शानदार फिटनेस का राज, जानने के लिए देखिए ये वीडियो... from Latest News बॉलीवुड News18 हिंदी http://bit.ly/2AkxlPd