Steel News

We strive to let you one step ahead of the market.

US House of Representatives passes debt ceiling bill

1 Jun 2023 15:24 reported by Donna Huang

A A A
Local time May 31, 2023, the US House of Representatives passed the debt ceiling bill by voting. This bill is promoted by President Biden and McCarthy, Speaker of the US House of Representatives.

The bill is to increase the amount of debt upper limit and decrease the expenditure of the government. It will be submitted to the US Senate for discussion.

The Senate was expected to finish voting before June 5. The US Department of the Treasury has previously said if the US Congress does nothing to solve the debt ceiling by June 5, the US will not have enough funds to pay its bills.

Back to Steel News

Related News

Global economic recovery sparks potential price surge in oil, gas & coal markets

  • Finance and economy
  • 12 Jul 2024 16:47

Taiwanese Yusco & Tang Eng's consolidated revenue decrease in Jun m-o-m

  • Finance and economy
  • 11 Jul 2024 16:52

Taiwan's CSC consolidated revenue drops in Jun m-o-m. y-o-y

  • Finance and economy
  • 11 Jul 2024 15:38

Ukrainian industry in crisis as new electricity import quotas threaten competitiveness

  • Finance and economy
  • 9 Jul 2024 15:46

International crude oil prices fall on Jul 5 as possible ceasefire in Gaza Strip

  • Finance and economy
  • 8 Jul 2024 16:50

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,902.00
  • 2,967.00
  • Aluminum
  • 2,428.00
  • 2,490.00
  • Copper
  • 9,693.00
  • 9,855.00
  • Nickel
  • 16,625.00
  • 16,945.00

Learn more

Coil Exchange Center

  • 2B Coil-Aug
  • 0
  • 0
  • NO1 Coil-Aug
  • 0
  • 0
  • 2B Coil-Aug
  • 0
  • 0
  • NO1 Coil-Aug
  • 0
  • 0

Learn more