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Biden expected to sign budget deal to raise debt ceiling
President Joe Biden is expected to sign legislation on Saturday to raise the debt ceiling, just two days before the U.S. Treasury warned that the country would struggle to pay its bills. The bipartisan measure, which was approved this week by the House and Senate, eliminates the potential for an unprecedented government default. “Passing this budget agreement was critical. The stakes could not have been higher," Biden said from the Oval Office on Friday evening. “Nothing would have been more catastrophic,” he said, than defaulting on the country's debt. The agreement was hashed out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their demanded federal spending cuts but holding the line on major Democratic priorities. It raises the debt limit until 2025 — after the 2024 presidential election — and gives legislators budget targets for the next two years in hopes of assuring fiscal stability as the political season heats up. “No one got everything they wanted but the American people got what they needed,” Biden said, highlighting the “compromise and consensus” in the deal. “We averted an economic crisis and an economic collapse.” Biden used the opportunity to itemize the achievements of his first term as he runs for reelection, including support for high-tech manufacturing, infrastructure investments and financial incentives for fighting climate change. He also highlighted ways he blunted Republican efforts to roll back his agenda and achieve deeper cuts. “We’re cutting spending and bringing deficits down at the same time,” Biden said. “We're protecting important priorities from Social Security to Medicare to Medicaid to veterans to our transformational investments in infrastructure and clean energy.” Even as he pledged to continue working with Republicans, Biden also drew contrasts with the opposing party, particularly when it comes to raising taxes on the wealthy, something the Democratic president has sought. It’s something he suggested may need to wait until a second term. “I’m going to be coming back,” he said. “With your help, I’m going to win.” Biden's remarks were the most detailed comments from the Democratic president on the compromise he and his staff negotiated. He largely remained quiet publicly during the high-stakes talks, a decision that frustrated some members of his party but was intended to give space for both sides to reach a deal and for lawmakers to vote it to his desk. Biden praised McCarthy and his negotiators for operating in good faith, and all congressional leaders for ensuring swift passage of the legislation. “They acted responsibly, and put the good of the country ahead of politics,” he said. Overall, the 99-page bill restricts spending for the next two years and changes some policies, including imposing new work requirements for older Americans receiving food aid and greenlighting an Appalachian natural gas pipeline that many Democrats oppose. Some environmental rules were modified to help streamline approvals for infrastructure and energy projects — a move long sought by moderates in Congress. The Congressional Budget Office estimates it could actually expand total eligibility for federal food assistance, with the elimination of work requirements for veterans, homeless people and young people leaving foster care. The legislation also bolsters funds for defense and veterans, cuts back some new money for the Internal Revenue Service and rejects Biden’s call to roll back Trump-era tax breaks on corporations and the wealthy to help cover the nation’s deficits. But the White House said the IRS' plans to step up enforcement of tax laws for high-income earners and corporations would continue. The agreement imposes an automatic overall 1% cut to spending programs if Congress fails to approve its annual spending bills — a measure designed to pressure lawmakers of both parties to reach consensus before the end of the fiscal year in September. In both chambers, more Democrats backed the legislation than Republicans, but both parties were critical to its passage. In the Senate the tally was 63-36 including 46 Democrats and independents and 17 Republicans in favor, 31 Republicans along with four Democrats and one independent who caucuses with the Democrats opposed. The vote in the House was 314-117. ___ AP Congressional Correspondent Lisa Mascaro contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide FBI offers to show GOP chairman document that purports to relate to Biden, his family Republicans schedule 1st presidential debate for Aug. 23, but there's no guarantee Trump will attend DeSantis wraps up 1st early states tour as candidate with more personal touch in South Carolina
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Zhao Steps Down as Binance US Chair in Fallout From DOJ Settlement
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Uggs, gilets and disco pants: Noughties fashion is back from the dead and it’s haunting me with a vengeance
Every so often, when I’m in the grips of extreme procrastination, I scroll back through the old photo albums on my near-dormant Facebook account. Their titles are a mix of forgotten teenage in-jokes and once-beloved song lyrics (no doubt a hangover from the Myspace era, before Zuckerberg). The pictures, captured on the digital camera that accompanied me on every night out, look a little fuzzy now, compared to the ultra-high resolution of an iPhone. But they’re still sharp enough that you can make out all the hallmarks of Noughties fashion in every group shot. There are battered pairs of ballet flats. String upon string of fake pearls. Slouchy off-brand Ugg boots. Hi-shine, high-waisted disco pants, reflecting back the flash of my Canon. More waistbelts than the average episode of Gok’s Fashion Fix. I can practically smell the frazzled scent of burning hair, straightened to a crisp. All very nostalgic, all very cringe, all now thankfully relegated to the big Topshop in the sky. Or so I’d naively thought. Fashion’s relentless trend cycle comes for us all in the end and this year, it seems, the nostalgia pendulum has come to rest somewhere around 2007. Bella Hadid and Emily Ratajkowski have been papped strolling through New York City in beige Uggs. A waistcoat is acceptable – even chic on a night out – no longer the sole sartorial preserve of Steve Arnott from Line of Duty. Its more practical cousin, the gilet, is also back, ready and waiting to keep your torso warm and your arms cold. Kylie Jenner is wearing disco pants, paired with going-out tops of indeterminate length. Most triggering of all? The discovery that beloved Scandi brand Ganni is now selling a high-fashion version of the sole-destroying ballet flats that teenage me wore until they fell apart (typically after about two months of continuous use). It was inevitable that the trends of my adolescence would get re-tooled for a new generation somewhere down the line – that’s just how fashion works. But I certainly wasn’t expecting it to happen quite so quickly, or to induce such a stomach-flipping sense of vertigo. It’s only been exacerbated by a clutch of that era’s cultural figures re-entering the public consciousness. Pete(r) Doherty, once the poet laureate of try-hard indie teens, is cropping up everywhere (“ARE YOU WATCHING PETE AND LOUIS THEROUX????” my lifelong best friend urgently WhatsApped me the other night, reminding me of my teenage Libertines obsession). Waistbelt-wearing, bodycon-loving pop legends Girls Aloud may or may not be reuniting (please make it so!) and, erm, Call-Me-Dave Cameron is making a return to frontline politics. It’s enough to make you feel like a portal to the past has somehow opened up, Doctor Who-style (naturally David Tennant, who played the Doctor in the latter half of the Noughties, is reprising that role later this year). Noughties fashion is having a moment on screen, too. Emerald Fennell’s new film Saltburn stars Barry Keoghan as Oliver, a working-class student at Oxford who is befriended by the aristocratic Felix, played by Jacob Elordi; Felix later invites his new pal to spend the summer at his family pile. It takes place between 2006 and 2007, and these fictional freshers dress in authentic period finery: the three “Js” – Jane Norman, Juicy Couture and Jack Wills – superfluous beaded necklaces and daffodil yellow LiveStrong charity wristbands. The latter, of course, were a rubbery tribute to now-disgraced cyclist Lance Armstrong, which, for some unfathomable reason, became a must-have. When they sold out online, we’d go to bizarre lengths to source one. I distinctly remember sending an envelope covered in first class stamps to a friend of a friend of a friend, then receiving a rubbery bracelet in the post about a month later. I had only a vague idea of exactly who Armstrong was, really, but I liked the pop of colour against my white “Make Poverty History” band. To nail this very specific period look, Saltburn costume designer Sophie Canale made “mood boards mainly of my friends drunk on Facebook as inspiration”, she recently told Women’s Wear Daily. She sounds like a woman after my own heart. And just like my friends and I, Fennell’s characters love a good pair of Uggs – or at least, Ugg-adjacent copycats. So devoted was I to my tan knock-off versions that 16-year-old me carried on wearing them almost immediately after undergoing a knee arthroscopy (fake Uggs and crutches – a real fashion statement). My physiotherapist was horrified – and for good reason. In 2010, the British College of Osteopathic Medicine put out a statement imploring teenage girls like me to ditch their poorly-made imitation boots, warning that the lack of foot support could eventually lead to wear and tear on the ankles, knees and hips. “Just because something becomes a trend or fashionable doesn’t mean it’s good or right,” the organisation’s then-head Dr Ian Drysdale warned. Wise words indeed – but if I’d heard them at the time, I’d probably have rolled my eyes and gone back to trying to find the perfect footless tights to pair with my fleecy shoes. Ballet flats, with their similar absence of support, were pretty terrible for your podiatric health too, but it was a sacrifice we were willing to make in order to look a bit like Kate Moss. Looking good could be painful: after attending one friend’s 16th-birthday meal, I had to go home and lie down in agony thanks to waist belt-induced indigestion. Of course, Mossy, the patron saint of Noughties style, was on Canale’s radar when it came to dressing Saltburn’s students. The costume designer tracked down styles from the model’s first fashion collection for Topshop, which would have been seriously hot property around the period in which the film is set. More than 15 years on, I still have near-perfect recall of almost every piece, because I wanted them so much: the silvery halter-neck gown, the red skinny jeans, the patterned shorts crying out to be layered over a pair of 60 denier opaque tights. I’m pretty sure those designs are probably seared onto my poor, long-suffering mum’s memory, too. Like some sort of mini Miranda Priestly, I sent her trawling round all the Topshops in the Liverpool City Region to try and find the sell-out pansy print tea dress from Kate’s line. Why didn’t I do it myself? Too busy stomping around Snowdonia, attempting to get a bronze Duke of Edinburgh award, having been gaslighted into believing that this would prompt paroxysms of admiration from university admissions staff. She never did find the dress, but I managed to get hold of one years later, when Moss re-released some of her greatest hits to mark her final Topshop collection. It shrunk to unwearable dimensions after a few washes, but I still have it hanging in my wardrobe like a tiny floral trophy. Perhaps one day I’ll sell it on Vinted to a Gen-Zer who can’t remember the Noughties but likes the retro aesthetic (I’d have to label it “worn, with minor fake tan stains”, though). But most likely I’ll keep hold of it. The clothes we wear when we don’t quite know who we are or what we’re doing with our lives are a bit cringe-worthy, yes, but they’re also strangely endearing. Much as the rational part of my brain might be horrified by its baffling silhouettes and bizarre accessories, I’ll always have a soft spot for Noughties fashion – just don’t expect to see me in a waistcoat any time soon. Read More Chris Pine defends his short shorts Balenciaga divides with release of ‘absurd’ $925 bath towel skirt Women’s scarves and crocheted ties - what is Robert Peston wearing now?
2023-11-16 21:04

'She has a Jewish soul': Golda director Guy Nattiv defends casting of Dame Helen Mirren
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2023-08-22 17:00

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'The Voice' Season 24: Who is Alexa Wildish? Niall Horan says marrying contestant will make for 'great television'
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2023-09-26 12:37

US has provided Ukraine long-range ATACM missiles, sources say
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2023-10-17 22:01
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