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After Trump and Musk scuttled prior bipartisan deal, Republicans denied Trump-backed package

The US House of Representatives passed a funding proposal Friday evening just hours before the US government was due to shut down, with a bill that dropped Donald Trump’s demand for a debt limit increase.

The bill, which passed 366-34, approves government funding for three months and will be sent to the Senate, where it is expected to pass. The vote came after the president-elect and his billionaire ally, Elon Musk, scuttled a prior bipartisan deal at the last minute, sparking conflicts within the Republican party. A Trump-backed package hastily assembled by Republicans on Thursday included a two-year suspension of the debt ceiling, which would have helped the incoming president enact his agenda, but was opposed by members of his own party.

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21.12.24 12:00

by theguardian.com

UK house price predictions for 2025: with pay rising and rates falling, they’ll...

Nothing seems to stop the relentless march of property values, even with a stamp duty increase looming

It’s been a bumpy ride for the housing market in recent years, after Liz Truss’s disastrous mini budget of September 2022 created a surge in borrowing costs that have cost many households dearly.

But despite elevated mortgage and rent costs, the market this year has turned out to be “surprisingly resilient”, according to Nationwide building society. Experts had expected house prices to stay flat or fall, but average prices are expected to have risen by more than 3% in 2024, after falling by 1.4% in 2023.

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