The White House has not settled on a plan for working with Congress to raise the federal debt limit, U.S. budget director Mick Mulvaney said on Thursday, even as the deadline loomed for the government to increase its borrowing authority. The Trump administration has urged Congress to increase the debt limit before it heads out for its August recess, but Mulvaney said officials had not decided what form the legislation should take. Source Reuters
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Billionaire investor George Soros has given away nearly $18 billion to his Open Society Foundations, transforming it into the “second largest” charity in the US after the Bill and Melinda Gates’ Foundation. Source: RT
Xi Jinping has heralded the dawn of a “new era” of Chinese politics and power at the start of a historic Communist party congress celebrating the end of his first term in office. Source: The Guadiaan