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The Senate needed a tie-breaking vote from Vice President Kamala Harris to pass a debt-ceiling measure, but now the House is on the clock. |
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Senate votes to head off debt ceiling crisis through 2023 The Senate voted Tuesday to raise the federal debt limit, moving the country a step closer to eliminating the threat of a calamitous credit default -- just one day ahead of the deadline set by the Treasury. The deeply divided upper chamber of Congress voted to raise the cap by $2.5 trillion and the House is expected to follow suit in the days The move would stave off the next showdown until at least 2023. FIND OUT IF THE HOUSE WILL BE ABLE TO PASS THE BILL
Wholesale prices rise at the highest rate of inflation on record The U.S. economy set the kind of records you really don't want to break Tuesday as prices for wholesale goods jumped 9.6% for the year ending in November -- the fastest price hike on record. The PPI was higher than the 9.2% annual gain expected by forecasters. With the exception of food and energy prices, which are more volatile, core PPI increased 6.9%, which was also the highest gain on record. SEE WHAT EXPERTS SAY MUST BE DONE TO CURB INFLATION
Could crypto be 'worthless' in the future? BoE execs say yes Cryptocurrency doubters got some support from pretty high places Tuesday when Bank of England execs argued that bitcoin could one day be "worthless" and that the "one bitcoin equals one bitcoin" formula is not sustainable in monetary policies. Others disagreed that the outlook is so bleak, but the seeds of doubt run deep. FIND OUT WHY ONE BANKER BELIEVES CRYPTO MAY CRASH
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Markets
| DJIA | 35,544.18 | -0.30% |
| S&P 500 | 4,634.09 | -0.75% |
| Nasdaq Composite | 15,237.64 | -1.14% |
| Japan: Nikkei 225 | 28,431.30 | 0.00% |
| UK: FTSE 100 | 7,218.64 | -0.18% |
| Crude Oil Futures | 69.79 | -1.33% |
| Gold Futures | 1,770.40 | -0.11% |
| Yen | 113.72 | -0.03% |
| Euro | 1.13 | 0.05% | | * As of market close |
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Meadows facing criminal contempt charges
The House voted to recommend criminal contempt charges against Donald Trump's former top aide Mark Meadows for refusing to testify before the congressional panel investigating the Jan. 6 attack on the Capitol. The rebuke moves the ultra-conservative ex-congressman a step closer to becoming the first White House chief of staff to be prosecuted since H.R. Haldeman in the Watergate scandal nearly 50 years ago. FIND OUT IF THE SENATE WILL FOLLOW SUIT AGAINST MEADOWS
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| Supreme Court upholds NYC vax mandates
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OJ Simpson becomes 'a completely free man'
After serving nine years in prison and four more years on parole. O.J. Simpson is officially a free man. The former NFL star was released early from his parole obligations stemming from his armed robbery conviction involving his sports memorabilia. Now he can finally continue his search for the "real killer" in the double homicide he was acquitted of in 1995. FIND OUT HOW 'THE JUICE' GOT LOOSE FROM PAROLE EARLY
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Topping 2K
O.J. Simpson was the first NFL player to rush for more than 2,000 yards in a season. What fellow Hall-of-Famer holds the single-season record? Tuesday's answer: Reality TV star Kim Kardashian's net worth is an estimated $1.4 billion, more than the rest of the "KUWTK" cast combined.
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Fast Start fever
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