Australian shares are poised to fall in line with oil, weakness on Wall Street. $A hits 2023 low overnight. Private first quarter capex at 11.30am AEST. Global PMIs top data agenda. Follow updates here.
| A bill to suspend the US government’s $US31.4 trillion debt ceiling and avert a disastrous default cleared a key procedural hurdle in the House of Representatives on Wednesday , setting the stage for a vote on the bipartisan debt deal itself.Speaker Kevin McCarthy’s Republicans
and President Joe Biden’s Democrats to pass, as members of both parties object to significant parts of the legislation. The procedural vote, which allows for the start of debate and then a vote on the bill itself, passed by a vote of 241-187, with 52 Democrats needed to overcome the opposition of 29 Republicans.
Mr McCarthy predicted that the next vote, expected around 8.30pm , would succeed, telling reporters: “It’s going to become law.” The legislation would suspend the US debt ceiling through 2025, meaning that there would not be a limit until that date, allowing Mr Biden and legislators to set aside the politically risky issue until after the November 2024 presidential election.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX to slide, Wall Street mixed, Tesla higherAustralian shares are poised to fall at the open. The Dow continues to lag. Nasdaq paces modest advance. $A slips.
Read more »
ASX to slip, Wall Street modestly lowerAustralian shares are set to edge down as investors await a key vote on the US debt ceiling. Energy paces S&P 500 decline. Oil below $US73 a barrel.
Read more »
ASX LIVE: ASX to slip; Wesfarmers to not match bid for Silk LaserShares poised to open modestly lower. London, New York closed for holidays. US debt ceiling bill could be killed before vote. Consumer confidence lowest since 1990: ANZ-Roy Morgan. April building approvals data at 11.30am AEST. Follow here for more.
Read more »
ASX LIVE: ASX futures fall; Bank of Queensland hit by AUSTRAC, coal prices sinkShares to fall on weaker commodities, Wall Street rally pauses; Nvidia briefly tops $US1 trn market cap. Bitcoin edges higher. Follow updates here.
Read more »
ASX 200 finished the day down on TuesdaySky News Business Reporter Edward Boyd says the ASX 200 finished the day down on Tuesday by 0.11 per cent.
Read more »
ASX 200 finished the day down on WednesdaySky News Business Reporter Edward Boyd says the ASX 200 finished the day down on Wednesday by 1.64 per cent.
Read more »