Prez-elect's spending deal fails in House
Financial Express Bengaluru|December 21, 2024
EU SAYS READY TO DISCUSS HOW TO STRENGTHEN ALREADY STRONG TIES
REUTERS Washington, December 20

A SPENDING BILL backed by Donald Trump failed in the US House of Representatives on Thursday as dozens of Republicans defied the president-elect, leaving Congress with no clear plan to avert a fast-approaching government shutdown that could disrupt Christmas travel.

The vote laid bare fault lines in Trump's Republican Party that could surface again next year when they control the White House and both chambers of Congress.

Trump had pressured lawmakers to pass a spending bill before the end of the year to avoid a government shutdown.

US PRESIDENT-ELECT Donald Trump said on Friday that the European Union may face tariffs if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the world's largest economy.

The EU is already buying the lion's share of US oil and gas exports, as per US government data, and no additional volumes are currently available unless the United States increases output or volumes are re-routed from Asia - another big consumer of US energy.

This story is from the December 21, 2024 edition of Financial Express Bengaluru.

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This story is from the December 21, 2024 edition of Financial Express Bengaluru.

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