Senate Passes Funding Bill to Avoid Shutdown
December 21, 2024
Next, the Democratic-controlled Senate would need to pass the bill to ensure the government will be funded beyond midnight (0500 GMT Saturday) when current funding expires. The White House said President Joe Biden intends to sign it into law if they do. The legislation would extend government funding until March 14, and provide $100 billion […]
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Pakistan Halts Costly 11% Loan Eyes Cheaper Funding Sources
October 2, 2024
As per sources, the finance ministry has decided not to proceed with borrowing from a commercial bank at an 11% interest rate. Prime Minister Shehbaz Sharif reportedly directed the finance minister to avoid taking expensive loans. Although an agreement had been made with commercial banks for a loan at 11% interest, the government has now […]
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