PREVIOUS TRADING DAY EVENTS 01 June 2023

Announcements   

The Majority of the U.S. Senate Voted to Pass Debt Ceiling Bill! Legislation backed by President Joe Biden lifts the governments 31.4 trillion debt ceiling, thus averting the debt default. The bill passed by the House of Representatives on Wednesday as time was running out since the Treasury Department had warned that the U.S. would be unable to pay all its bills on June 5 if Congress failed to act by then.

We are avoiding default tonight, Senate Majority Leader Chuck Schumer said on Thursday as he steered the legislation through his 100member chamber.

America can breathe a sigh of relief, Schumer said in remarks to the Senate.

Biden This bipartisan agreement is a big win for our economy and the American people, adding that he will sign it into law as soon as possible.

In the coming months, Senate Republicans will continue working to provide for the common defence and control Washington Democrats reckless spending, he said in a statement.

Source

httpswww.reuters.comworldusussenateaimsquickpassagedebtceilingbillavoiddefault20230601

httpswww.cnbc.com20230601debtceilingbillupdates.html

Note 1026 am, Eastern Time ET is 526 pm GMT 3

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