Is a shutdown happening? The Senate says ask the House.
The Senate is in limbo as it waits for the House to piece together its crumbling government-funding strategy. Soon-to-be GOP Leader John Thune told reporters Thursday morning his understanding is that Vice President-elect JD Vance and Speaker Mike Johnson
US economic growth beats expectations in final snapshot of Biden presidency
High prices may have cost Democrats the election, but the U.S. economy has powered through 2024 with better-than-expected growth. And now President-elect Donald Trump is poised to inherit it. GDP rose at a 3.1 percent annualized pace in the third
BSP cuts rates by another 25 bps
A woman arranges canned goods inside a market in Quezon City, Nov. 22. The central bank raised its baseline inflation forecast to 3.3% for 2025 from 3.2% previously. — PHILIPPINE STAR/MIGUEL DE GUZMANBy Luisa Maria Jacinta C. Jocson, ReporterTHE BANGKO
BoP deficit widens in November
REUTERSTHE COUNTRY’S balance of payments (BoP) deficit widened in November as the government made more repayments on foreign debt, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.Data from the central bank showed the BoP position widened to a $2.276-billion
Peso slips to record-low P59 on hawkish Fed cut
BW FILE PHOTOBy Aaron Michael C. Sy, ReporterTHE PESO sank to the all-time low of P59 against the US dollar anew on Thursday, following the US Federal Reserve’s hawkish cut.The local unit closed at P59 per dollar on Thursday, weakening