House votes to raise debt ceiling, sends bill to Biden’s desk

The U.S. House of Representatives voted to lift the federal debt ceiling by $2.5 trillion early Wednesday and will send the bill to President Biden’s desk for final approval.

The House voted 221-209 in favor of the increase after the Senate voted to avoid a U.S. default. The votes followed months of discord on Capitol Hill. The Senate vote was also along party lines, 50-49.

Lawmakers expect the increase, which raises the debt ceiling to roughly $31.5 trillion, to last beyond the upcoming midterm elections and into 2023. Treasury Secretary Janet Yellen said lawmakers had until Wednesday to raise the debt ceiling or risk a potential default on U.S. obligations.

Earlier, Republicans agreed to a one-time exception to the filibuster, allowing the Democrats to pass the debt hike by a

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House passes procedural bill to raise the debt ceiling

House lawmakers passed a procedural bill Tuesday allowing the Senate to raise the debt ceiling by 222-212, clearing the way for Democrats to proceed without needing Republican support.

The bill now proceeds to the Senate, where at least 10 Republicans will have to join Democrats in voting in favor of the procedure. From there, the Senate will vote to raise the debt ceiling by a fixed dollar amount, with passage obtainable by a simple majority vote.

“Once the Senate has passed the legislation lifting the debt limit, the House will take up that bill and send it to the President,” House Speaker Nancy Pelosi said in a letter to Democratic lawmakers ahead of the vote.

Only one Republican, Rep. Adam Kinzinger of Illinois, voted for the House bill.

House Speaker

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Oregon Company – Raise Hybrid Do the job and Worker Engagement

Model Tale – Establish professional capabilities, furthermore wholesome and effective do the job patterns throughout the 2021 Get There Challenge Oct. 4-17

A revolutionary redesign of function norms and requirements is using form, presenting an array of rewards and options for businesses and staff members alike. This new place of work landscape is being constructed about adaptability and greater staff working experience as rising practices are built-in and fantastic-tuned.

Corporations and corporations can leverage this year’s once-a-year Get There Challenge, jogging Oct. 4 via Oct. 17, to construct workforce techniques, boost employee engagement, and seize this new normal. Members can unlock awareness and skill-building achievements relevant to distant do the job and transportation choices that enhance commutes at GetThereOregon.org to earn badges and factors towards prize drawings. Amongst the prizes are WiFi extenders, Oregon service provider reward playing cards, and $500 funds playing cards.

“Rethinking function has uncovered new alternatives

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World’s premier chipmaker to raise selling prices, threatening costlier electronics

The world’s largest contract chipmaker is increasing prices by as considerably as 20%, according to persons common with the subject, a go that could outcome in shoppers having to pay additional for electronics.

Greenback General, Dollar TREE SHARES TANK Immediately after Provide CHAIN WARNINGS

Taiwan Semiconductor Manufacturing Co. options to enhance the costs of its most innovative chips by around 10%, while considerably less advanced chips utilised by prospects like automakers will price tag about 20% much more, these folks mentioned. The greater selling prices will commonly get outcome late this year or next 12 months, the folks claimed.

Ticker Safety Past Change Change %
TSM TAIWAN SEMICONDUCTOR Producing CO., LTD. 118.10 +1.07 +.91%

Apple Inc. is a person of TSMC’s major consumers and its

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Walmart can take a different page from Amazon, experiences 95% raise in U.S. promotion gross sales

An advertisement for Jif peanut butter on Walmart.com, positioned by way of the company’s Walmart Hook up promotion platform. (Walmart Image)

Walmart noted a 95% maximize in its U.S. promoting product sales in the next quarter, and said its selection of active advertisers rose more than 175%, as more organizations and makes paid out to advertise their products and solutions to its consumers, on the net and in suppliers.

The marketing growth was just 1 of the factors that gave Walmart’s earnings simply call a acquainted ring to anyone who’s tuned into Amazon’s organization.

“The phrase ‘serving customers’ has customarily meant just one thing at Walmart,” reported Walmart CEO Doug McMillon on the earnings connect with, referring to regular retail gross sales. “But now It involves serving marketplace sellers, our promoting associates, and individuals that want to use our success expert services or proprietary computer software.”

Walmart’s real advert sales

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