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BREAKING
Second IAEA report: In light of above assessment, IAEA chief Grossi reiterates his urgent call upon Iran to cooperate fully and effectively with agency.
Second IAEA report: Iran has repeatedly either not answered or not provided technically credible answers to agency's questions.
Second IAEA report: IAEA has no credible indications of ongoing, undeclared structured nuclear program of type described above in Iran.
IAEA report seen by Reuters: Iran's stock of uranium enriched to up to 60% purity estimated to have grown by 133.8 kg to 408.6 kg.
IAEA report: Iran's stock of enriched uranium estimated to have grown by 953.2 kg since last quarterly report to 9,247.6 kg.
Reuters: IAEA sends two quarterly reports on Iran to member states, including expanded "comperehensive" report requested by IAEA board.
Iranian sources: Window to arrive at diplomatic resolution for nuclear file still open, E3 must act rationally.
Iranian sources: Iranian responses to E3 pressure on IAEA to politicize Iran file are well-measured and technical, but if E3 move to use snapback mechanism, this would change everything, as Iran's policy regarding nuclear program would change entirely.
Iranian sources: Iran has shown in past that it would not sit idly by while E3 violate its nuclear rights.
Iranian sources: Iran reaffirmed, through diplomatic channels with Europe that it would respond to any escalatory step in nuclear issue.

Debt ceiling proposal widens rift between House, Senate Democrats

  • By Al Mayadeen English
  • Source: Agencies
  • 30 Apr 2023 23:54
  • 1 Shares
2 Min Read

Central to the intra-Democrat discord is the plan proposed by Republican House Speaker Kevin McCarthy to raise the US debt ceiling in exchange for cuts in government spending.

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  •  Congress members leave the House Chamber January 03, 2023 (AFP)
    Congress members leave the House Chamber on January 03, 2023 (AFP)

The scheduled debt ceiling raise on April 30 has been causing discord between Democrat House representatives and Democrat Senators. 

Central to the intra-democrat discord is the plan proposed by Republican House Speaker Kevin McCarthy to raise the US debt ceiling in exchange for cuts in government spending.

Nearly half of the House Democrats have expressed fondness for McCarthy's initiative such that it presents a potential compromise between the two parties: inviting Biden to negotiate an agreeable decision with McCarthy.

However, Democrat Senators seem to disagree with their House counterparts. The upper chamber Democrats stand firm by the President's decision to accept no concessions on the debt-ceiling raise. 

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Read more: McCarthy calls Biden 'irresponsible' for refusal to put state debt cap

The plan proposed by Republican House Speaker Kevin McCarthy to raise the US debt ceiling in exchange for cuts in government spending was criticized last week by Moody's Analytics, who claim the plan would slow growth and cut employment.

The agency argued that if the draft presented by McCarthy on April 17 were passed as is, it would lead to a drop of 0.6 percentage points in US potential growth in 2024 and the elimination of 780,000 jobs.

In comparison to a scenario in which a new ceiling was approved without conditions, unemployment would reach 4.6 percent in March 2024, up from 3.5 percent in March 2023.

President Joe Biden has advocated for such a "clean" lifting of the US borrowing limit, claiming that the deficit spending has already been approved by Congress and is thus not subject to debate.

Read more: US debt default might trigger global financial crisis

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  • debt ceiling
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