BBC: China holds military drills around Taiwan as 'strong punishment'
BBC reports: China has started two days of military exercises around Taiwan, with its military calling ...
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GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
BBC reports:
A hard-line Republican revolt could not prevent legislation to raise the US debt ceiling from clearing its first procedural hurdle in the House of Representatives on Tuesday evening. Here’s how the drama is playing out on Capitol Hill and a guide to what comes next.
The two parties finally reached a deal after a showdown lasting months, then weeks of painstaking negotiations. It was an uphill battle – but there are more steep hills to climb.
Now the two leaders – Democratic President Joe Biden and Republican Speaker of the House Kevin McCarthy – must sell their weekend agreement to their members of Congress. They believe that even with some defections on the left and right, they have the votes to pass a bill before the deadline.
The Treasury has moved the day the US would hit its borrowing limit to Monday 5 June…
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