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US Senate rejects budget bill
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US Senate rejects budget bill

Sep 30 2013, 4:08pm CDT | by IANS

Washington, Oct 1 (IANS) The US Senate Monday rejected a budget bill, cleared by the lower house of the US Congress earlier, with barely hours to go to avert a US government's shutdown, BBC reported.

Washington, Oct 1 — The US Senate Monday rejected a budget bill, cleared by the lower house of the US Congress earlier, with barely hours to go to avert a US government's shutdown, BBC reported. The...

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47 weeks ago

US Senate rejects budget bill

Sep 30 2013, 4:08pm CDT | by IANS

Washington, Oct 1 (IANS) The US Senate Monday rejected a budget bill, cleared by the lower house of the US Congress earlier, with barely hours to go to avert a US government's shutdown, BBC reported.

Washington, Oct 1 — The US Senate Monday rejected a budget bill, cleared by the lower house of the US Congress earlier, with barely hours to go to avert a US government's shutdown, BBC reported.

The Democratic-led Senate, the upper house, voted 54-46 against the bill, which would fund the government only if President Barack Obama's healthcare law were delayed a year.

Also, the Senate eliminated the provision repealing a tax on medical devices that are intended to help finance the healthcare law.

The vote left little progress toward reaching an agreement on funding the government by midnight Monday, when the current fiscal year expires.

In case, no agreement is reached by midnight (04.00 GMT), the government will close all non-essential federal services. The shutdown would be the first in 17 years in the US.

The US shutdown would send over 700,000 federal workers home while closing down national parks, museums, federal buildings and services.

Though the nation's 1.4 million active-duty uniformed military personnel would stay on duty, about half of the defence department's 800,000 civilian employees would have to stop work.

There is a blanket exception for activities that "provide for the national security".

But where employees are needed to work, they may have to do so without pay: "Military and other civilians directed to work would be paid retroactively once the lapse of appropriation ends," said Defence Department Comptroller Robert Hale.

Republicans in the House of Representatives - and their allies in the Senate - have demanded the law be repealed or stripped of funding as a condition for continuing to fund the government.

Major portions of the law, passed in 2010 and has been validated by the US Supreme Court, are due to take effect Tuesday.

The Senate, or the upper house of the US Congress has several exclusive powers not granted to the House.

It includes consenting to treaties as a pre-condition to their ratification and consenting to or confirming appointments of Cabinet secretaries, federal judges, other federal executive officials, military officers, regulatory officials, ambassadors, and other federal uniformed officers, as well as trial of federal officials impeached by the House.

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12 hours ago

Those with health coverage through Obama’s law may face a challenge in getting tax-return form

Aug 30 2014 2:27am CDT | Source: Canadian Business Online

WASHINGTON – If you got health coverage through President Barack Obama’s law this year, you’ll need a new form from your insurance exchange before you can file your tax return next spring. Some tax professionals are worried that federal and state insurance marketplaces won’t be able to get those forms out in time, creating the risk of delayed tax refunds for millions of consumers. The same federal agency that had troub ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
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10

22 hours ago

Business Highlights

Aug 29 2014 4:41pm CDT | Source: Canadian Business Online

___ As stocks rise, so does anxiety: Time to get out? NEW YORK (AP) — The market has nearly tripled in a little over five years, and with each record close, the temptation grows to take your winnings and flee. If only you had done that in the crashes that began in 2000 and 2008, you might be a lot richer. Plenty of experts think stocks are about to drop. But many others offer compelling arguments for the rally to continue for years. Remember, though, that even the best investor ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
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22 hours ago

WHITE HOUSE TO PUTIN: Don't 'Even Think About Messing Around' With The Baltics

Aug 29 2014 4:41pm CDT | Source: Business Insider

President Barack Obama's message to Russian President Vladimir Putin when traveling to Europe next week is to not "even think about messing around" with the Baltic states, the White House said Friday. Obama is traveling to Europe next week for a meeting in Wales with other NATO leaders. He'll also make a stop in Estonia, where he will meet with the leaders of Estonia, Latvia, and Lithuania in an atte ...
Source: Business Insider   Full article at: Business Insider
 

 
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23 hours ago

UK raises alert level as Syria refugees top 3 million

Aug 29 2014 3:24pm CDT | Source: Business Insider

Damascus (AFP) - Britain raised its terror alert level Friday over fears of possible jihadist attacks as the United Nations said the number of refugees from the Syria conflict now tops three million. British Prime Minister David Cameron told reporters there was "no doubt in my mind" that jihadists from the Islamic State (IS) group in Iraq and Syria had their sights set on targets in Europe.Britain raised i ...
Source: Business Insider   Full article at: Business Insider
 

 
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1 day ago

Russia now marching full-bore into Ukraine

Aug 29 2014 2:44pm CDT | Source: Canada Free Press

Russia’s invasion of Ukraine is full-speed ahead these days, as Vladimir Putin seeks to establish a “land bridge” between Russia and the Crimean Peninsula that will eliminate the need to supply Russians in Crimea by air. But don’t worry! The New York Times reassures us that Barack Obama is downplaying the whole thing and is on top of the crucial t ...
Source: Canada Free Press   Full article at: Canada Free Press
 

 
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1 day ago

The UK Has A Plan To Cut Off Russian Businesses From The Rest Of The World

Aug 29 2014 12:32pm CDT | Source: Business Insider

The United Kingdom will push the European Union this weekend to consider the most punitive sanctions yet against Russia for its involvement in escalating the crisis in Ukraine. According to Bloomberg, the U.K. plans to propose blocking Russia from the SWIFT banking transaction system, a move analysts say would effectively cut off Russian businesses from the rest of the world's financial system. U.K. Prime Minister David Ca ...
Source: Business Insider   Full article at: Business Insider
 

 
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1 day ago

In Praise Of The President's Tan Suit

Aug 29 2014 12:06pm CDT | Source: Forbes Real Time

I had a typically busy work day on Thursday, taking me away from social media. When I logged into Twitter at the end of the day, I was astounded to see a barrage of tweets about one subject. Barack Obama's tan suit. Not only were there tweets mocking t ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
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1 day ago

Ukraine’s ambassador to Canada begs for troops to counter Russian invasion

Aug 29 2014 8:43am CDT | Source: National Post

Canada Thursday condemned what it calls an “invasion of eastern Ukraine” by Vladimir Putin and the Russian Federation, saying the attacks will “strengthen the resolve” of NATO leaders who will meet next week to discuss the escalating crisis. The Conservative government did not indicate what further measures it plans, but Ukraine’s ambassador to Canada Thursday called for Canada and its allies to act “immediately” by provi ...
Source: National Post   Full article at: National Post
 

 
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1 day ago

Putin Directly Addressed Rebels In Ukraine For The First Time, And He Used A Frightening Word To Describe Them

Aug 29 2014 6:54am CDT | Source: Business Insider

Russian President Vladimir Putin for the first time on Friday publicly addressed pro-Russian rebels fighting in southeastern Ukraine, praising their "major success" inside Ukraine. The Kremlin released a late-night statement from Putin on its website in which he appealed to the militia of "Novorossyia," or "New Russia." It's a term he has used before to describe the regions in eastern Ukraine where ...
Source: Business Insider   Full article at: Business Insider
 

 
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1 day ago

Putin hails Ukraine separatists as NATO holds crisis talks

Aug 29 2014 4:26am CDT | Source: Business Insider

Kiev (AFP) - Russian President Vladimir Putin on Friday hailed the advances of pro-Kremlin fighters in eastern Ukraine as Western alarm spiralled over what Kiev has branded a Russian invasion.NATO ambassadors were holding a crisis meeting after the alliance said Russia had at least 1,000 troops fighting to support a lightning rebel counter-offensive against Ukrainian government forces.The presence of the troops -- which Russia has repeatedly denied -- h ...
Source: Business Insider   Full article at: Business Insider
 

 

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