Technology Failure of payment: The US Congress offers a respite to the United States
30 Dollars for the start: Bitcoin is now means of payment in El Salvador
El Salvador is now the first country in the world in which the crypto currency Bitcoin is legal means of payment. Before the start, the country had bought 400 Bitcoin. The BTC course rises. © Mehaniq / Shutterstock El Salvador: Bitcoin is now official means of payment. At the beginning of June, El Salvadors President Nayib Bukele had announced to allow Bitcoin as legal means of payment - as the first country in the world.
The United States has a few months of respite to avoid a default with a broadborne Democrat support in the House of Representatives.
The United States can blow at least until December. The US Congress has accepted Tuesday to temporarily note the debt ceiling until the end of the year, offering a respite to the first world economy before a new political battle that promises to avoid a default.
Thanks to the support of the democratic elected officials (219 votes to 206, all Republican), the House of Representatives has adopted a measure that plans to raise the US debt limit of $ 480 billion. Already approved by the Senate last week, this text will be transmitted in the stride in Joe Biden, who will promulgate him as soon as possible according to the White House.
Impact of Brexit: PayPal Increases fees for trading with United Kingdom
The PayPal payment service has announced that payment transactions between EU countries such as Germany and the United Kingdom increase. For the dealers and customers this means more than twice as high costs. © Shutterstock The PayPal payment company has announced that you want to introduce higher fees for transactions between the United Kingdom and the European Union.
Read also >>
This will allow the country to honor their payments until December or even at the very beginning of 2022, away from the perspective of a default of payment. Catastrophic consequences for mega-power and the rest of the world. If this measure had not been adopted, the country could have ended up on October 18, had warned the Treasury.
Its adoption was the subject of an intense arm of iron in the Senate, which had finally approved this temporary solution last Thursday thanks to the very short majority Democrat. "We can not tolerate partisan politics in hostage our economy, and we can only allow the routine of the payment of our bills turn a political force test, sapping trust every two years or every two months" Fulminated the spokesperson for the White House Jen Psaki against the opposition of Republicans.
Would you take a personal loan for these expenses?
Would you take a personal loan for these expenses?Maybe you’re too busy thinking about the upcoming college semester — whether yours or your child’s — to be thinking too hard about winter break just yet. Or maybe you’re just trying to sneak in one last epic summer vacation. No matter what your life looks like this August, here’s how to tell whether or not a personal loan might be worth considering.
The latter refuse to approve any long-term measure to raise the debt ceiling, as they say that it would be able to give a blank check to Joe Biden to finance his extensive investment plans. These plans, however, have not yet been adopted by the Congress and raise the debt limit is therefore used to reimburse sums already borrowed, including thousands of billions of dollars spent under the TRUMP presidency.
The Chief Republicans in Senate Mitch McConnell, now urged Democrats to achieve - only a lasting solution by December through a complex legislation. But President Joe Biden's camp so far refuses to use this "too risky" maneuver for debt. The text approved Tuesday only repels until the end of November a parliamentary battle that looks epic on the finances of the United States.Read also >>
This iron arm at the conference is all the more tense as it will be done at the same time as the negotiations to approve a new budget before the December 3rd. If parliamentarians do not agree before that date, the funding of the federal state will suddenly be cut (which is nicknamed "Shutdown"), pushing hundreds of thousands of employees to technical unemployment. The high probability of seeing the United States plunges into the same financial uncertainty by December is far from reassuring institutions or markets.
The Chairman Democrat from the Chamber Nancy Pelosi launched a warning Tuesday: If eventually the ceiling of the debt was not raised more sustainably, the impact would be "huge" and the United States would notably know " a loss of six million jobs ". "A fault of payment would provoke a shock wave through the global financial markets," she supported.
Democratic Check was asked about the idea of extracting the decision to raise the debt ceiling of the political battles by transferring this authority from the Congress to the Treasury. "It seems to please some of the two sides of the hemicycle," she replied. But such a reform would have a lot of trouble being approved by the current Congress.
EU-UK talks, fishing threat kick Brexit back into high gear .
BRUSSELS (AP) — The Brexit brawl kicked into high gear Friday on sticking points over Northern Ireland and French fishing, coming almost a year after a deal on a free trade agreement was supposed to have officially sealed the separation between the European Union and the United Kingdom. The top Brexit negotiators from both sides entered talks again, with troublesome trade issues in Northern Ireland taking center stage. If they fail to find a common solution, the suspension of the trade deal and even retaliatory measures might be possible between the two. The EU is looking for a deal by Christmas. “Obviously, there is still quite a big gap.