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Stocks surged in the United States and in Europe on Friday after a package of austerity measures cleared a hurdle in Italy and as Greece moved closer to completing a national unity government.
The measures cleared the Senate this spring and have been referred to a House committee.
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The Agriculture Ministry said 36 American slaughterhouses designated to handle meat for export to South Korea met required safety measures, clearing the last hurdle for resuming imports.
Though the measures are similar, there are differences that would have to be reconciled should the measures clear the House and Senate, making it difficult to complete action in the two weeks Congress is scheduled to remain in Washington.
Overall investors welcomed the news that the Greek parliament had passed the government's controversial austerity measures, clearing the way for the country to receive the next tranche of an EU and IMF rescue package.
Global stock markets rallied after the new Greek prime minister was sworn in and the Italian upper houses approved the latest package of austerity measures, clearing the way for Silvio Berlusconi to finally quit as prime minister.
ATHENS — Greek lawmakers voted Thursday to speed the enactment of the country's new austerity measures, clearing the way for foreign lenders to make available the next installment of aid needed to meet the government's expenses through the summer.
ATHENS — The Greek Parliament voted late Tuesday to back a hugely unpopular new property tax, one of a series of new austerity measures, clearing the way for crucial international funding and staving off a looming default.
The measure cleared the House Ways and Means Committee today by a larger-than-expected margin of 34 to 4 as several undecided members sided with President Clinton.
The Guardian Council's speedy approval of the measure cleared the way for it to have the force of law and reflected Iran's deepening anger over the sanctions.
The measure cleared the Illinois Senate on Valentine's Day, state representative Greg Harris, the bill's sponsor, decided not to call a vote in the House because he didn't have the needed support.
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CEO of Professional Science Editing for Scientists @ prosciediting.com