Congressional leaders will meet with the President at the White House today with just days left to avert a series of tax rises and spending cuts due to come into effect in the new year.
The US is facing a potentially devastating financial crisis in less than a week but what is it all about, what impact will it have on Ireland and what’s got to happen if it is to be avoided? TheJournal.ie explains…
The Justice Minister has said that the personal insolvency bill will be enacted through both Oireachtas houses by 20 December and will become operative next year.
The failings of Government to take simple steps to help mortgage holders has caused further damage – and the Insolvency Bill is by no means our saviour, writes David Hall.
Only two out of five of us will be able to get through Christmas just on our regular income – although credit card use is set to drop, according to Irish credit unions.
Spain’s sovereign debt rating has been cut to just one level above “junk” grade debt – which could see Madrid’s borrowing costs skyrocketing to untenable levels.
The current system allows party leaders to pick and choose the list of candidates the electorate can vote for and guarantees a strong majority in parliament for the winning party.
“The majority of people in this country consume alcohol in a moderate, responsible manner that is entirely compatible with a healthy lifestyle and in line with European norms,” said Kathryn D’Arcy, director of Alcohol Beverage Federation of Ireland.
Some people can no longer afford to drink alcohol, others could be looking after their health, while many have suggested that the reduction in consumption could be related to emigration rates.
So today we want to know what do you think. Have you reduced your alcohol consumption in the past year?
Warmer with clouds and sun
Max: 17 °C
Min: 8 °C
Clouds and sun with a passing shower
Max: 17 °C
Min: 8 °C
