Congress

Yellen warns of ‘chaos’ if US fails to raise debt ceiling

U.S. Treasury Secretary Janet Yellen has warned that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue."    

Republicans have been pressing President Joe Biden to strike a deal to provide spending cuts in exchange for lifting the national borrowing limit.    

Integration – the EU’s white elephant

It is no secret that Europe has been struggling to come to an agreement on a pan-European migration policy since the 2015 migration "crisis." Public and political sentiments on the topic have swung from the left to the right over the years, resulting in the latest, trimmed-down New Pact on Migration and Asylum proposal that is currently being debated in Brussels.

White House ‘will not negotiate’ on debt ceiling

President Joe Biden, the Republicans and the U.S. economy were on a disastrous collision course yesterday after the White House made clear it will not negotiate over extending the nation's debt limit.

Treasury Secretary Janet Yellen warns that the government will run out of money and default on its debts as soon as June 1, if there is no authorization for more borrowing.

Building of İzmir Economic Congress reopened in its 100th year

The historical building of the İzmir Economic Congress, where the first economic policies of the country were discussed, has been reopened in its 100th year after being restored in line with its original form.

The Banka-Han building, also knowns as the Guiffray Inn, where the first economic congress was held in 1923, was demolished in 1979 and turned into a parking lot.

Menendez reiterates opposition to sale of F-16 fighters to Turkey

The chairperson of the US Senate Committee on Foreign Relations has reiterated his opposition to the sale of F-16 fighters to Turkey, saying "Turkey has not done enough to be rewarded in this way."

"I continue to be against the sale of F-16s," Senator Bob Menendez told state broadcaster ERT, adding that the Erdogan government needs to stop its belligerent behavior towards Greece.

Congress notified about $259 million F-16 equipment sale to Turkey

On Monday the Biden administration notified Congress of a $259 million F-16 equipment sale to Turkey. Petros Kasfikis, the Washington DC correspondent for the Athens News Agency and Mega TV, joins Thanos Davelis to break down the details of this deal, what it means for the potential sale of F-16s to Turkey, and explore whether this signals a shift in Washington when it comes to Ankara.

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