US debt ceiling bill passes House with broad bipartisan support
- 01-Jun-2023
A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get […]
Oil slips as US debt caution offset supply concerns
- 22-May-2023
SINGAPORE: Oil prices slipped on Monday as caution around the US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures fell 48 cents, or 0.6%, to $75.10 a barrel by 0201 GMT while US West Texas Intermediate (WTI) crude for July […]