Washington, US | Xinhua | Former U.S. House Speaker Kevin McCarthy, who was unprecedentedly removed from the position in early October, announced on Wednesday that he is leaving the U.S. Congress at the end of this year. In an opinion piece published on the Wall Street Journal, McCarthy said he …
Read More »Political theater on U.S. debt ceiling creates huge uncertainty with catastrophic implications
Washington, US | XINHUA | The debate over the debt ceiling in the United States is creating rampant uncertainty and risks an immediate economic recession, financial crisis, and hardships for American families and businesses, according to U.S. experts. Despite reaching the 31.4 trillion U.S. dollar debt limit in January, discussions …
Read More »McCarthy is new US House Speaker
Washington, US | XINHUA | The U.S. House of Representatives elected Congressman Kevin McCarthy as speaker early Saturday morning after a historic and embarrassing deadlock that kept the lower chamber from being fully functional days after the new Congress convened. McCarthy finally quelled a fierce rebellion among his party’s ranks …
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