[１０日 ロイター] – Philadelphia Federal Reserve Bank President John Harker said on Thursday that a default on U.S. Treasuries caused by the political game over the federal debt ceiling and budget deficit would be disastrous.
“If the United States, the world’s major power, defaults on its debts, it will be irreversible. Our competitors and enemies will cheer in the streets,” he said at a conference at the Center for Global Interdependence.
[ワシントン ２４日 ロイター] – Rookie Republican congressman George Santos, whose resignation is being called for, did not attend the White House welcome party on Monday night. Some of the party’s hardline new lawmakers are also believed to have been absent.
All new lawmakers were invited to a bipartisan reception hosted by President Biden and Vice President Harris. But a list of more than 40 registrants distributed by the White House did not include the names of dozens of Republicans who opposed Mr. Biden’s policies.
Among them are several who tried earlier this month to block Republican Majority Leader John McCarthy’s bid for House Speaker until he got major concessions.
One of them, Rep. Anna Paulina Luna, said, “My top priority in Congress now is to help soldiers who have been unfairly dismissed due to mandatory vaccines.” of the compulsory vaccination of children.
“I will not go to the reception,” Santos told reporters on Thursday.
Biden is expected to soon begin the campaign for a second term in 2024, and will need congressional support to raise the debt ceiling and enact a new budget.
But in the House of Representatives, which has been retaken by Republicans, many Republicans have said they want to block government spending and investigate Mr. Biden’s family and his use of office.
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TAIPEI (Reuters) – Taiwan plans to provide all Taiwanese residents with a cash allowance equivalent to about $200, Su Tsing-Chang said on Thursday. She explained that she would share the fruits of economic growth.
According to Su, N$140 billion of tax revenues will be used for cash benefits. The per capita benefit will be NT$6,000 (US$195.61).
“The fruits of our economic successes will be shared by everyone from young to old,” he said at a press conference.
Taiwan’s economic growth is expected to slow from 6.45% in 2021, the highest since 2010.
In December, Taiwan’s central bank cut its 2022 growth forecast to 2.91% from 3.51% and 2.53% for 2023.
[１３日 ロイター] – The US Department of Labor’s November Consumer Price Index (CPI) fueled speculation in money markets that the US Federal Reserve (Fed) will further slow the pace of rate hikes as early as next year .
The Fed is expected to decide on a 0.50 percentage point hike at this week’s Federal Open Market Committee (FOMC) meeting, but Federal Funds (FF) rate futures are currently set for a rate hike to be decided at the meeting of the FOMC next February. it incorporates a 50% probability of a 0.25 percentage point spread and the idea that the terminal rate of interest rates will not exceed 4.5% to 4.75%.
Before the release of the CPI data, the expected rate hike in February next year was 0.50 percentage point.
The seasonally adjusted CPI fell to 7.1% in November from 7.7% in October, its lowest since December 2021. The most recent annual peak was 9.1% in June, the largest increase since November 1981.
