INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Biden blames ‘extreme Republicans’ for threatening US government shutdown

Despite Biden's shift in tone, his administration has given short shrift to activist calls to cut the billions of dollars in military aid the United States sends to Israel. (AFP)
  • Speaking at a Congressional Black Caucus awards dinner, Biden said he and top House Republican Kevin McCarthy had previously agreed on government spending levels
  • US lawmakers have until midnight on September 30 to reach an agreement on a spending bill, before funding for government services is due to dry up

Washington, United States– President Joe Biden on Saturday blamed “a small group of extreme Republicans” for a budget impasse that has placed the US government a week away from a shutdown, urging the lawmakers to resolve the issue.

Speaking at a Congressional Black Caucus awards dinner, Biden said he and top House Republican Kevin McCarthy had previously agreed on government spending levels.

“Now a small group of extreme Republicans don’t want to live up to the deal so now everyone in America could be forced to pay the price,” he said.

US lawmakers have until midnight on September 30 to reach an agreement on a spending bill, before funding for government services is due to dry up.

“Funding the government is one of the most basic responsibilities of Congress. It’s time for Republicans to start doing the job America elected them to do. Let’s get this done,” Biden added.

A government shutdown would put the finances of hundreds of thousands of workers at federal parks, museums, and other sites at risk, but it could also carry significant political costs for Biden, who is running for re-election.

The White House wants any budget bill passed by lawmakers to include $24 billion in military and humanitarian aid for Kyiv.

While such a plan is supported by Democrats and Republicans in the Senate, it is radically opposed by some members of the House.

The budget vote in Congress regularly turns into a standoff between the two parties, with each camp using the prospect of a shutdown to obtain concessions from the other — until a solution is found at the last minute.