WAO ART #105

The US debt ceiling deal, if approved, will allow the federal government to borrow money until after the next presidential election in 2024. The debt ceiling will be suspended until 2025, and there are caps on spending, with a 1% rise in non-defence spending in 2025 and a 3% rise in defence spending.

An escaped bull charged into a crowd of people at a rodeo in Kununurra, Western Australia, leaving two people injured. Videos on social media show the animal charging through the crowd of people line-dancing inside the rodeo arena. Local authorities have launched an investigation into the incident.

Bitcoin has reached the overhead resistance zone between the 20-day EMA ($27,146) and the support line of the symmetrical triangle. This zone is likely to witness a solid tussle between the bulls and the bears. Along with Bitcoin — ARB, XRP, EOS, and AAVE are also showing signs of a short-term up-move.

El Salvador's president, Nayib Bukele, has launched a social housing plan to reclaim derelict gang houses and turn them over to local residents. The plan is part of a harsh security policy that has led to the detention of over 65,000 people since the government crackdown on gangs started a year ago.

Plans to move Everest base camp lower down the mountain due to global warming and risks associated with the thinning Khumbu glacier have been shelved following opposition from the Sherpa community and mountaineering operators. The Sherpas argued that the move was impractical.

Nigeria's new president, Bola Tinubu, announced the end of a decades-long subsidy on petroleum products in his inaugural address. This move could lead to a rise in petrol prices and affect other prices. Tinubu takes over from two-term President Muhammadu Buhari amid high inflation, and record debt levels.

Recep Tayyip Erdogan has won Turkey's presidential election, securing another five years in power. However, almost half of the electorate did not back his authoritarian vision of Turkey, and the opposition leader denounced "the most unfair election in recent years".