DIRS.INFO The most relevant business & tech news

☆ I left the U.S. for Denmark. Now I pay $2,100/month to live in a luxury apartment—and I'm much happier here. Look inside
▼ + stars: | 2023-10-07 | by ( Ilana Buhl | ) www.cnbc.com time to read: +5 min

In June 2018, I packed three suitcases and booked a one-way flight from Texas to join my husband in Denmark. My husband viewed the apartment in person and sent me photos while I was still in Dallas. But we had to pay two month's rent upfront, and three month's rent as a security deposit. The main area in our apartment is one big room that includes our kitchen, dining room and living room. I'm able to enjoy the time that I'm not at work because I'm not as stressed out anymore.

Persons: —, I'm Organizations: CNBC Locations: Texas, Denmark, Amager, Copenhagen, Dallas, U.S

The Albuquerque International Balloon Fiesta is ready to bring colorful displays to the New Mexico sky. The event is scheduled to start at sunrise on Saturday with a drone light show and mass ascension of hot air balloons. Over nine days, local residents and visitors are expected to be treated to a cavalcade of colorful and special-shaped balloons. The fiesta has morphed into one of the most photographed events in the world, now based at Balloon Fiesta Park. Scheduled nighttime events include fireworks and balloon glows, in which hot air balloons are inflated and lit up from the ground.

Persons: they’re, ”, Sam Parks, Sid Cutter, Gordon Bennett, ” Parks, ” ___ Stern, Stern Organizations: Wars, Associated Press, America Statehouse News Initiative, America Locations: Albuquerque, New Mexico, The Rio Grande, Sandia, Santa Fe, “

☆ Here are Friday's biggest analyst calls: Netflix, Nvidia, Eli Lilly, Disney, Levi's, Exxon, Walmart and more
▼ + stars: | 2023-10-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan reiterates Exxon as overweight JPMorgan said it's standing by its buy rating on the oil and gas giant. Seaport initiates Netflix as buy Seaport said it sees plenty of upside in shares of Netflix. JPMorgan upgrades Eaton to overweight from neutral JPMorgan said the industrial and electrical company is best in class. UBS reiterates Levi's as buy UBS said Levi's is still an attractive stock despite the company's disappointing earnings report Thursday. " JPMorgan upgrades Apellis to overweight from neutral JPMorgan said the pharmaceutical company is well-positioned for more upside.

Persons: Piper Sandler, Bernstein, Disney, XOM, Jefferies, TD Cowen, Cowen, Eaton, Eli Lilly, Doug McMillon, Berenberg, Morgan Stanley, Meta, Levi's, Oppenheimer downgrades O'Reilly, AutoZone, Oppenheimer, it's, Truist Organizations: Disney, Netflix, Hulu, JPMorgan, Exxon, Barclays, Nvidia, Intel, Gaudi, Citi, Discover Citi, DFS, Seaport, Bank of America, Energy, of America, Apple, Vegas, Prix, Clearway Energy, Walmart, United Auto Workers, Auto, Meta, UBS Locations: Parks, NVDA, China, ETN, TEL, AZO, ORLY

☆ Cricket-crazy fans set to add a kicker to India's economy as world cup begins
▼ + stars: | 2023-10-06 | by ( Ira Dugal | ) www.reuters.com time to read: +3 min

The cricket frenzy set to hit India as the International Cricket Council's World Cup begins in a nation of cricket-crazy fans is expected to give a short boost to the country's economy as consumers splurge to enjoy their favorite sport. "The World Cup has the potential to boost India’s GDP, more so because it coincides with the festive season," Sabnavis said. India last hosted the world cup in 2011, when 1.2 million people attended matches, according to data from brokerage house Jefferies. "On India match days, fares have shot up on average by150% for select hotels and 80% for select flights compared with the prior week," said Jefferies in a note this week. "We expect companies to run world-cup specific promotions on match days to tap this consumption boost."

Persons: Narendra Modi, Sachin Tendulkar, Amit Dave, Madan Sabnavis, Sabnavis, Jefferies, Rajesh Magow, Baroda's Sabnavis, Ira Dugal, Lincoln Organizations: Cricket, ICC Cricket, New Zealand, Narendra, Rights, International Cricket, Bank of Baroda, Hospitality, Reuters Graphics Online, homestays, Baroda's, Thomson Locations: England, New, Ahmedabad, India, Rights MUMBAI, Western India, Pakistan

☆ Bernstein says buy Disney, calls it the 'only credible challenger to Netflix'
▼ + stars: | 2023-10-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Disney 's planned buyout of Hulu will offset any near-term troubles and benefit the company long term, according to Bernstein. Analyst Laurent Yoon's price target of $103 implies a potential 27% gain from Thursday's close. "We forecast DTC growth to outpace Linear decline, supporting overall growth of Media, with DTC revenue surpassing Linear revenue in 2024, and Disney becoming the undisputed #2 subscription video on demand." Yoon added that besides Disney's status as the "only credible challenger to Netflix," the company's parks business provides an additional strong revenue stream. DIS YTD mountain Disney YTD chart — CNBC's Michael Bloom contributed to this report.

Persons: Bernstein, Laurent, Yoon, Bob Iger, Michael Bloom Organizations: Disney, Hulu, Media, Netflix, Comcast, CNBC Locations: Thursday's

☆ From a Floating Home in Portland to a Hilly Perch in Los Angeles. Which House Was Right?
▼ + stars: | 2023-10-05 | by ( Livia Albeck-Ripka | ) www.nytimes.com time to read: +2 min

And they missed their two adult children, who lived nearly 1,000 miles away, in Los Angeles. Email: thehunt@nytimes.com]“It was a little bit terrifying, especially seeing things close in a few days for $100,000 or $200,000 more” than the asking price, said Ms. Banker, 70. But earlier this year, when a friend expressed interest in the floating house, the Bankers took it as a sign and decided to sell. After the parties reached an agreement for the house and the slip on the river, settling at $737,000, the Los Angeles hunt kicked into high gear. “When you think of Los Angeles, most people think, ‘Oh, highways and traffic,’ but it has these darling neighborhoods,” Ms. Banker said.

Persons: Dawn, Gary Banker, Hayden, ”, Banker, Ms, —, Maura Barraza, Barraza Organizations: Bankers, Pinnacle Estate Locations: Portland ,, Columbia, Los Angeles, Echo, Los, Portland

☆ Disney to offer discounts on children's tickets at theme parks
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid//File Photo Acquire Licensing RightsOct 4 (Reuters) - Walt Disney (DIS.N) said on Wednesday it will offer discounts on ticket prices for children at its theme parks for a limited period as it looks to boost traffic. Disney CEO Bob Iger said in August during the third-quarter earnings conference call that the California-based company had seen "softer performance" at Walt Disney World, a part of its parks business, in Orlando. Although, Iger described the parks as "a tremendous business" and said Walt Disney World was still performing well above pre-pandemic levels. The company last month said it would nearly double its capital expenditure for its parks business to about $60 billion over the next 10 years. Walt Disney World will also introduce a package offer on Nov. 14 for families with discounted children's tickets for theme parks and dining plans, which can be used from March 3 through June 30 next year.

Persons: Brendan McDermid, Walt Disney, Bob Iger, Iger, Walt, Akash Sriram, Samrhitha, Shinjini Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Disney, Walt Disney, Thomson Locations: New York, U.S, COVID, California, Orlando, Bengaluru

[1/3] Atomo Coffee's 'beanless coffee', which uses superfoods and upcycled ingredients to mimic the molecular structure of coffee, is seen in this handout picture obtained by Reuters on September 29, 2023. "Coffee is causing deforestation at a pretty alarming rate - almost up to ten (New York) Central Parks a day," said Atomo's CEO and co-founder Andy Kleitsch ahead of the firm's beanless coffee launch at the New York Coffee Festival on Friday. Atomo says its initial "proof-of-concept" cold brew beanless coffee caused 93% fewer carbon emissions and used 94% less water than regular coffee. The firm expects to see similar figures for its new hot beanless coffee which is also made using mostly upcycled ingredients like date pips, which tend to be discarded in the commercial production process. However, Atomo says it is in talks with most of the world's major coffee firms about how it might scale up and supply them.

Persons: Andy Kleitsch, Atomo, Maytaal, Mark Potter Organizations: Reuters, Atomo, REUTERS, Acquire, baristas, Central Parks, New York Coffee, Time Magazine, Thomson Locations: Seattle, New York, Central

☆ Disney is discounting child tickets at U.S. parks as industry attendance lags
▼ + stars: | 2023-10-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

It's about to be cheaper for families to visit Disney's domestic theme parks. The Walt Disney Company on Wednesday announced new, limited time discounts on children's tickets at Disneyland and Disney World. Universal's domestic parks, as well as region players like Six Flags and Sea World , have reported lower attendance this year. Meanwhile, the parks division saw a 13% increase in revenue during the third quarter, reaching $8.3 billion. The recent additions of the two Star Wars: Galaxy Edge lands in Disneyland and Disney World are estimated to have cost $1 billion each.

Persons: Price Organizations: Disney, Walt Disney Company, Wednesday, Walt Disney, Magic Kingdom, Big, Edge, Comcast, CNBC Locations: California, Orlando , Florida, U.S, Europe, Parks, Anaheim , California, Animal, Orlando, Magic, NBCUniversal

☆ David Beckham on Netflix: What the new documentary reveals about the soccer icon
▼ + stars: | 2023-10-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +5 min

CNN —One of the most recognizable people in the world, David Beckham has a well-trodden story: a former England soccer captain, married to a Spice Girl and now the owner of Major League Soccer club Inter Miami. But, as it turns out, Victoria Beckham is “not into football” and never will be, she says in the documentary, despite marrying one of the sport’s most recognizable figures. David and Victoria Beckham pictured in April 2004. Bruno Vincent/Getty Images“I don’t know how we got through it in all honesty,” Beckham said haltingly in the documentary. David Beckham enjoys beekeepingAfter retiring from football, Beckham has become a co-owner of Inter Miami and found some other ways to occupy his time too, including beekeeping and cooking.

Persons: David Beckham, “ Brand Beckham, David, Victoria Beckham, Fisher Stevens, “, ”, Victoria, Mel C, Beckham, Bruno Vincent, ” Beckham, haltingly, Diego Simeone, David Gardner, –, Cruz, Jennifer Lopez, …, “ You’ve, Anthony Harvey, Shutterstock, Lopez Organizations: CNN, England soccer, Major League Soccer, Inter Miami, Netflix, ”, Manchester United, British, “, Real, Getty, Argentina, England Locations: England, Beckham, Real Madrid, Victoria, ”, Beyoncé

A scientist who studies the airborne transmission of diseases, a master hula dancer and cultural preservationist, and the sitting U.S. poet laureate were among the 20 new recipients of the prestigious fellowships from the John D. and Catherine T. MacArthur Foundation, known as “genius grants,” announced on Wednesday. MacArthur fellows receive a grant of $800,000 over five years to spend however they want. Fellows are nominated and endorsed by their peers and communities through an often yearslong process that the foundation oversees. Many past fellows like Octavia Butler, Paul Farmer and Twyla Tharp are luminaries in their fields and Marlies Carruth, who directs the MacArthur Fellows program, emphasized that they hope fellows will support and inspire each other. "To think that I’ve actually been selected as one is really mind-blowing,” she said, of the MacArthur fellows.

Persons: John D, Catherine T, ”, MacArthur, it’s, Ada Limón, Allamay Barker, “, Limón, ” Limón, Octavia Butler, Paul Farmer, Twyla Tharp, Carruth, Andrea Armstrong, Patrick Makuakāne, Imani Perry, Linsey Marr, Marr, Ian Bassin, Bassin, Tendayi, Rina Foygel Barber, Courtney Bryan, Jason D, María Magdalena Campos, Pons, Raven Chacon, Diana Greene Foster, Lucy Hutyra, Carolyn Lazard, Lester Mackey, Manuel Muñoz, Williams, Amber Wutich Organizations: MacArthur Foundation, University of Montevallo, NASA, Marlies Carruth, MacArthur Fellows, Loyola University New Orleans, College of Law, Black, Virginia Tech, Protect Democracy, MacArthur, Mexican American, Associated, Lilly Endowment Inc, AP Locations: Lexington , Kentucky, Alabama, Louisiana, Caribbean, Americas, Mexican, Central

☆ Pop Land: Chinese toy company Pop Mart opens Beijing theme park
▼ + stars: | 2023-10-03 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —With its launch in 2010, Chinese toymaker Pop Mart set off a collectible craze with its anime-style figurines. Following in the footsteps of Disney and Studio Ghibli, Pop Mart has expanded into the theme park business, opening up its first in the Chinese capital of Beijing. The company said on Chinese social media platform Weibo that Pop Land - the 40,000-square-meter theme park that comes in four zones - opened on Tuesday, September 26 at Chaoyang Park. “I did think about whether Pop Mart will open a theme park. Pop Mart's character Pucky is featured in its recently opened theme park Pop Land in Beijing.

Persons: it’s, – Molly, Dimoo, Skullpanda, Mickey Mouse, Kitty, Harry Potter, Walt Disney, Molly, “, Pucky, Mart Organizations: Hong Kong CNN —, Disney, Weibo, Domestic, Chimelong, Shenzhen Overseas, Town Enterprises, Pop, Hong Kong Stock Exchange Locations: Hong Kong, Beijing, Chaoyang, Shanghai, China, Chinese, Guangdong, Japan, Thailand, New Zealand, Australia, Macao

☆ Tokyo’s Meiji Jingu Gaien redevelopment plan sparks protests
▼ + stars: | 2023-10-03 | by ( Emiko Jozuka | ) edition.cnn.com time to read: +11 min

Last month the International Council on Monuments and Sites (ICOMOS), a UNESCO advisory body, issued a “heritage alert” for Jingu Gaien. Nishikawa believes that the commercial nature of the redevelopment “breaks the promise” of keeping the Jingu Gaien as a public space. Protesters gather for a demonstration at Meiji Jingu Gaien on September 15, 2023. Work commenced at the Meiji Jingu Gaien site in March. “They need to go back to the drawing board and use a much more democratic process to decide the future of Jingu Gaien.”

Persons: Hiroshi Ono, Meiji Jingu Gaien, ”, Emperor Meiji, Emperor Naruhito, Babe Ruth, Daniel Campisi, Jingu Gaien, Naoko Nishikawa, Nishikawa, Shinji Isoya, Gaien, CNN Shinji, Mitsui Fudosan, Hajime Funada, Meiji Jingu, Kiyotatsu Yamamoto, Rochelle Kopp, Jingu, Mikiko Ishikawa, Ishikawa, Kopp, ” Daniel Campisi, CNN Yamamoto, ” Kopp Organizations: Japan CNN, Tokyo, CNN, Chichibunomiya Rugby, Tokyo Metropolitan Government, Council, UNESCO, CNN Tokyo, Mitsui Fudosan, Japan’s, Protesters, Meiji, Liberal Democratic Party, University of Tokyo, Japan National, Co, World Cities Culture Forum, Properties, “ Locations: Tokyo, Japan, Meiji, Tokyo’s, Shinjuku, Minato, ”, New, New York, London

☆ As EV sales surge and cars get heavier, parking garages will have to change
▼ + stars: | 2023-10-03 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +6 min

Parking garages (known as multistory car parks in the U.K.) are one area where the proliferation of EVs and bigger vehicles is expected to have a major impact. In a statement, it said the reason behind the weight increase was "due to electric and hybrid batteries and the size of cars increasing." The cumulative load of these vehicles in parking garages could present some challenges in certain circumstances. "Because what we want is the public to maintain confidence in our car parks and structural engineers." The statement also said the "rise of e-mobility … helps us mitigate climate change and brings new questions, including weight and the impact on car parks."

Persons: Peter Titmuss, Chris Whapples, Whapples, you've, it's, Dana Kenedy Organizations: Getty, Engineers, CNBC, EV, European Commission, European Association for Electromobility, Istock Locations: England, London, Brussels

[1/2] A worker clears debris so delivery vehicles can exit a FedEx Ground distribution center in this aerial photograph taken over Carson, California, U.S., September 16, 2022. "They have to fight for every package right now, it's great for shippers," said LJM Consultants partner Kenneth Moyer, a former UPS pricing negotiator who now works with delivery customers. The world's biggest parcel delivery firm added it is using price negotiations to encourage attractive high-margin or high-volume customers, while discouraging high-cost deliveries. Third quarter ground delivery rates are forecast to fall 0.55% per package versus a the year earlier period, according to the TD Cowen/AFS Ground Pacrel Freight Index. But experts are skeptical, particularly as UPS offers to cover early termination fees for customers that switched to FedEx.

Persons: Bing Guan, That's, Kenneth Moyer, Deyman Doolittle, Wall, Moyer, Mark Taylor, Taylor, Satish Jindel, ShipMatrix, Micheal McDonagh, Yokeley, Lisa Baertlein, Ben Klayman, Aurora Ellis Organizations: FedEx, REUTERS, United Parcel Service, UPS, U.S . Postal Service, LJM, Cowen, Reuters Graphics Reuters, Teamster, Department, USPS, Amazon, AFS Logistics, International Brotherhood of Teamsters, Teamsters, Thomson Locations: Carson , California, U.S, Macy's, Los Angeles

☆ Canada grizzly bear attack victims were on permitted hike, carrying bear spray
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

Park staff found two cans of bear spray at the scene and that the individuals' food had been hung appropriately to avoid attracting animals, Parks Canada said in a statement. The deaths were the first from a grizzly bear in Banff National Park in decades and involved a bear that was not collared, tagged or previously known to park staff, according to the statement. Parks Canada was alerted about the bear attack late Friday and the response team shot and killed the animal when it charged at them. Banff National Park, which attracts more than 4 million tourists every year, is home to both grizzly and black bears. There are about 60 grizzly bears in Banff National Park and are considered to be a threatened population in Alberta.

Persons: Kim Titchener, Ismail Shakil, Lisa Shumaker Organizations: Park, Parks, Parks Canada, Bear Safety, Thomson Locations: Banff, Parks Canada, Canadian, hibernating, Alberta, Ottawa

☆ Disney sued over ‘severe’ injuries allegedly caused by ‘wedgie’ from water slide
▼ + stars: | 2023-10-02 | by ( Marnie Hunter | ) edition.cnn.com time to read: +3 min

CNN —Walt Disney Parks and Resorts is facing a lawsuit related to an “injurious wedgie” that court documents allege resulted from riding a 214-foot water slide in the resort’s Typhoon Lagoon water park in Lake Buena Vista, Florida. The suit pertains to an incident that took place on October 14, 2019, on the Humunga Kowabunga water slide during a two-week visit to Walt Disney World by plaintiffs Emma and Edward McGuinness and their family. CNN has reached out to Walt Disney World Resort for comment. In addition to the count of negligence, a second count, “loss of consortium,” relates to Emma McGuinness’ husband, Edward McGuinness. Emma and Edward McGuinness are suing for compensatory damages and taxable costs and are demanding a jury trial.

Persons: Emma, Edward McGuinness, Emma McGuinness ’, Disney, ’, ”, Walt, Disney “, McGuinness, “, Wagner, McLaughlin Organizations: CNN, Walt Disney Parks, Resorts, Walt Disney, Walt Disney World, Disney, Whittemore Locations: Lake Buena Vista , Florida, Orange County , Florida

HOWARD, Colo. (AP) — A Colorado man was arrested Saturday on suspicion of killing a mother bear and two cubs in the Rocky Mountains a few hours southwest of Denver, authorities confirmed Monday. Colorado Parks and Wildlife, which had learned about the illegal killing through anonymous reports and social media posts, found the bears' bodies Friday on state land, according to the agency's press release. The following day, wildlife officers searched a nearby home with a warrant, discovering evidence that the bears had been shot there on Sept. 25, the release said. The man was arrested on suspicion of illegal destruction of wildlife, a felony, and misdemeanors including unlawful possession and waste of game meat, and unlawful killing of wildlife without a license. Speaking broadly about anyone who illegally injures or kills wildlife, Colorado Parks and Wildlife spokesperson Bill Vogrin wrote in the release that “convictions could result in fines and surcharges ranging from $750 to $13,000 and up to 6 months in jail, depending on the charge.”Political Cartoons View All 1193 ImagesVogrin declined to comment further on the case, citing an ongoing investigation.

Persons: HOWARD, Bill Vogrin Organizations: Colorado Parks and Wildlife Locations: Colo, Colorado, Rocky, Denver

☆ Grizzly bear attack in Canada's Banff National Park leaves two dead
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

A snow covered road leads up a hill at dusk in Banff National Park near Lake Louise, Alberta December 2, 2011. REUTERS/Mike Blake/File Photo Acquire Licensing RightsTORONTO, Oct 1 (Reuters) - Two people were found dead in a grizzly bear attack in Alberta's Banff National Park, Parks Canada said in a statement. The response team arrived on-site overnight where they discovered two deceased individuals. An area closure around Red Deer and Panther valleys has been implemented and will remain in place until further notice, Parks Canada said. Banff National Park, which attracts more than four million tourists every year, is home to both grizzly and black bears.

Persons: Mike Blake, Nivedita Balu, Aurora Ellis Organizations: REUTERS, Rights, Park, Parks, Parks Canada, Thomson Locations: Banff, Lake Louise , Alberta, Alberta's Banff, Parks Canada, Ya Ha, Red Deer, Toronto

☆ Formula 1 could be coming to Apple as it mulls offering up to $2 billion a year to show races, report says
▼ + stars: | 2023-10-01 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Apple is interested in the exclusive global rights for Formula 1 races, Business F1 reported. The iPhone maker could offer up to $2 billion a year for the rights, per the report. AdvertisementAdvertisementApple is reportedly considering making a bid of up to $2 billion a year for the rights to show Formula 1 races, according to a report by Business F1. Formula 1 Group declined to comment to Business F1 and didn't immediately respond to a request for comment from Insider. CHANDAN KHANNA/Getty ImagesAn MLS Season Pass costs $14.99 a month or $29 a season, while Apple TV+ subscribers pay $12.99 a month or $25 a season.

Persons: —, Tim Cook, JIM WATSON, Lionel Messi, CHANDAN KHANNA, Apple wouldn't Organizations: Apple, Business, Major League Soccer, Service, Prix, Liberty Media, Sirius XM, MLS, Inter Miami, Wall Street, ESPN, ABC, Forbes, Sky, Revenue, Parks Associates, Amazon, Football, Sports Media Watch Locations: Austin , Texas

☆ Couple Killed in Grizzly Bear Attack in Canada's Banff National Park
▼ + stars: | 2023-10-01 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Nivedita BaluTORONTO (Reuters) - A grizzly bear attacked and killed two people and their dog in Alberta's Banff National Park, according to Canadian park officials and a friend of the victims. The victims were a Canadian couple and their dog, according to Kim Titchener, the founder of Bear Safety and More and also a friend of the family. Titchener, who provides training on bear safety and bear assessments, said such encounters are increasing as more people head outdoors but fatal attacks are extremely rare. Banff National Park, which attracts more than four million tourists every year, is home to both grizzly and black bears. There are about 60 grizzly bears in Banff National Park and are considered to be a threatened population in the Alberta, Titchener noted.

Persons: Balu TORONTO, Kim Titchener, It's, Titchener, Nivedita Balu, Aurora Ellis, Lincoln Organizations: Parks Canada, Park, Bear Safety, Parks Locations: Banff, Ya Ha, Canadian, hibernating, Alberta, Red Deer, Parks Canada, Toronto

WASHINGTON (Reuters) -The U.S. Congress passed a stopgap funding bill late on Saturday with overwhelming Democratic support after Republican House Speaker Kevin McCarthy backed down from an earlier demand by his party’s hardliners for a partisan bill. That move marked a profound shift from earlier in the week, when a shutdown looked all but inevitable. Congress typically passes stopgap spending bills to buy more time to negotiate the detailed legislation that sets funding for federal programs. House Republicans are demanding a further $120 billion in cuts. “House Republicans tried to walk away from that deal by demanding drastic cuts that would have been devastating for millions of Americans.

Persons: Kevin McCarthy, Joe Biden, McCarthy, ’, “, Chuck Schumer, Hakeem Jeffries, Donald Trump, Don Beyer, Republicans ’, Republican Mitch McConnell, Michael Bennett, Chris Van Hollen, ” McCarthy, ”, Biden, ” Biden Organizations: WASHINGTON, U.S, Congress, Democratic, Republican, National Parks, WIN, Extreme MAGA Republicans, Republicans, Ukraine, Senate, creditworthiness, Social Security, “ Locations: National, Ukraine

WASHINGTON (Reuters) -The U.S. Congress passed a stopgap funding bill late on Saturday with overwhelming Democratic support after Republican Speaker Kevin McCarthy backed down from an earlier demand by his party’s hardliners for a partisan bill. That move marked a profound shift from earlier in the week, when a shutdown looked all but inevitable. Congress typically passes stopgap spending bills to buy more time to negotiate the detailed legislation that sets funding for federal programs. House Republicans are demanding a further $120 billion in cuts. “House Republicans tried to walk away from that deal by demanding drastic cuts that would have been devastating for millions of Americans.

☆ US Congress tees up votes in last-minute scramble to avert shutdown
▼ + stars: | 2023-09-30 | by ( Andy Sullivan | David Morgan | ) www.reuters.com time to read: +3 min

On the other side of the Capitol, the Democratic-controlled Senate is due to advance a stopgap funding bill, but a final vote might not come for days. Congress typically passes stopgap spending bills to buy more time to negotiate the detailed legislation that sets funding for federal programs. The Senate is due to hold a procedural vote at 1:00 p.m. (1700 GMT) to extend government funding through Nov. 17. Even if that passes, the two chambers would have to resolve their differences before sending any bill to Biden’s desk. That could pose another hurdle, as McCarthy said he opposed $6 billion in Ukraine aid included in the Senate bill.

Persons: Jonathan Ernst, Joe Biden, Jimmy Carter’s, “, Nicole Malliotakis, Kevin McCarthy, McCarthy, ” Organizations: WASHINGTON, U.S, Congress, REUTERS, Capitol, Democratic, creditworthiness, Republicans, Democrats Locations: United States, Atlanta, New York, Ukraine

☆ Congress tees up votes in last-minute scramble to avert shutdown
▼ + stars: | 2023-09-30 | by ( Us Pol | ) www.cnbc.com time to read: +2 min

A general view of the U.S. Capitol, where Congress will return to deal with a series of spending bills before funding runs out and triggers a partial U.S. government shutdown, in Washington, September 25, 2023. On the other side of the Capitol, the Democratic-controlled Senate is due to advance a stopgap funding bill, but a final vote might not come for days. The standoff comes just months after Congress brought the federal government to the brink of defaulting on its $31.4 trillion debt. The drama has raised worries on Wall Street, where the Moody's ratings agency has warned it could damage U.S. creditworthiness. Congress typically passes stopgap spending bills to buy more time to negotiate the detailed legislation that sets funding for federal programs.

Persons: Jonathan Ernst, Joe Biden, Jimmy Carter's Organizations: U.S . Capitol, Reuters Lawmakers, Capitol, Democratic, creditworthiness, Republicans Locations: Washington, United States, Atlanta

Search resuls for: "SeaWorld Parks

25 mentions found