Ron Johnson calls for subjecting Medicare and Social Security to annual budget talksĬhina halts climate, military ties with US over Pelosi’s Taiwan visitĬhina on Friday said it is canceling or suspending dialogue with the United States on a range of issues from climate change to military relations and anti-drug efforts in retaliation for a visit this week to Taiwan by House Speaker Nancy Pelosi. Pelosi was in Tokyo Friday on the final leg of an Asia tour highlighted by a visit to Taiwan that infuriated China. Joe Manchin, Senate Leader Schumer reach deal on energy, drug prices, taxes It would need the support of all Democrats in the evenly split Senate. Kyrsten Sinema, D-Ariz., announced late Thursday that she would 'move forward' to give Senate Democrats the support they need on the Inflation Reduction Act that they're looking to pass this week. Sinema, the last Democratic holdout on the bill, said Democrats had agreed to remove a provision raising taxes on 'carried interest,' or profits that go to executives of private equity firms, resolving a key difference that had held back her support. Democrats hope to pass the bill on a party-line vote through a process known as budget reconciliation that would allow approval with a simple majority and avoid the 60-vote threshold to overcome a Republican filibuster.

Kyrsten Sinema's support sets up the Inflation Reduction Act Prefer to listen? Check out the 5 things podcast: Sen. Surveys say: Employers leaning more into hiring those with skills versus experience.wage growth: Rising retail, restaurant, fast-food wages make hiring tougher for manufacturing, construction, health care But the labor market has shrugged off the turmoil, adding an average of about 380,000 jobs a month from March through June. The higher prices and borrowing costs have led consumers and businesses to slow spending and stoked recession fears. Inflation hit a 40-year high of 9.1% in June, keeping the Federal Reserve on course to aggressively raise interest rates. Economists had estimated that 250,000 jobs were added last month, according to a Bloomberg survey. employers added a booming 528,000 jobs in July as the labor market continued to defy soaring inflation, rising interest rates and a slowing economy.The unemployment rate from 3.6% to 3.5%, matching a 50-year low, the Labor Department said Friday. The exercises involved troops from the Navy, Air Force, Rocket Force, Strategic Support Force and Logistic Support Force under the Eastern Theatre Command.Economy adds 528,000 jobs in July as hiring surges despite high inflation, slowing growth The drills are due to run from Thursday to Sunday and include missile strikes on targets in the seas north and south of the island in an echo of the last major Chinese military drills aimed at intimidating Taiwan's leaders and voters held in 19. Taiwan has put its military on alert and staged civil defence drills, while the US has numerous naval assets in the area. The Maritime Safety Administration warned ships to avoid the area.Ĭhina says military exercises by its navy, air force and other departments are underway in six zones surrounding Taiwan. Xinhua News Agency said the exercises were joint operations focused on “blockade, sea target assault, strike on ground targets, and airspace control”. to 9 p.m., the official Xinhua News Agency said. The ruling Communist Party’s military wing, the People’s Liberation Army, was conducting “live-fire exercises” near the Pingtan islands off Fujian province from 8 a.m. House of Representatives to scrap possible plans to visit the island democracy, which Beijing claims as part of its territory.

On Saturday, China said it was conducting military exercises off its coast opposite Taiwan after warning Speaker Nancy Pelosi of the U.S. Responding to the actions by the Chinese military, Taiwan's defence ministry released a statement saying, 'The Ministry of National Defence stresses that it will uphold the principle of preparing for war without seeking war, and with an attitude of not escalating conflict and causing disputes.'

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