USD 1.7

Baku 25 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

House votes down debt-limit increase with no budget cuts

House votes down debt-limit increase with no budget cuts

01 June 2011 08:38 (UTC +04:00)

Baku - APA-Economics. The House of Representatives’ Tuesday vote against a "clean" debt-limit increase - one with no budget cuts attached - was largely a political exercise from both parties eager to embarrass the other side, APA reports quoting Associated Press.

The 318-97 vote against increasing the nation’s $14.3 trillion debt limit, a figure reached a few weeks ago, was organized by Republicans who were against such a move unless it included major spending cuts. Democrats wanted a debt-limit increase with no such strings attached.

Vice President Joe Biden is leading bipartisan talks aimed at finding those cuts - and perhaps new ways of raising revenue. Treasury Secretary Timothy Geithner has said the government is likely to run out of borrowing authority on Aug. 2.

Finance

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

BSTDB Vice President Ziya Aliyev

BSTDB has financed over €9 billion in projects since its establishment – Vice President

BSTDB President Serhat Köksal

BSTDB President: Our more than 20-year partnership with Azerbaijan is built on mutual trust

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED