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08.10.2021 17:00

Short-term increase in U.S. debt ceiling passes Senate

Bloomberg reports that the U.S. Senate approved legislation that pulls the nation from the brink of a payment default with a short-term debt-ceiling increase.

The vote was 50-48, with no Republicans in favor of the measure that simply kicks the can toward another precarious debt-limit fight in less than two months. The $480 billion increase in statutory borrowing would run out around Dec. 3.

The debt limit increase still needs a vote in the House, which has been on break. But Majority Leader Steny Hoyer said Thursday night that representatives would return on Tuesday. The measure is expected to be approved in that chamber. President Joe Biden “looks forward to signing this bill as soon as it passes the House and reaches his desk,” White House Press Secretary Jen Psaki said in a statement. 


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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