Treasury Secretary Janet Yellen warned the formal debt limit is set to be reached next week in a letter to Congress Friday and pushed lawmakers to increase or suspend the limit in a “timely manner” to avoid far-reaching economic damage. “Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans, and global financial stability,” Yellen wrote. The long-awaited milestone, after which the U.S. borrowing authority of… Source link
Read More »CCI order would cause irreparable harm, Google tells SC; Ola stops lending through Avail Finance app
Last Wednesday, the National Company Law Appellate Tribunal (NCLAT) refused to halt a Competition Commission of India order that requires Google to make changes to its Android ecosystem. Now, the search giant has asked the Supreme Court to halt the order, saying it would cause “lasting and irreparable harm” to Google, device manufacturers, app developers, Indian consumers, and the wider economy. Also in this letter:■ Ola Financial stops lending through Avail Finance app■ Flipkart… Source link
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