WASHINGTON — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling , as early as January 14, in a letter sent to congressional leaders Friday afternoon. "Treasury expects to hit the statutory debt ceiling between January 14 and January 23," she wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation's debt ceiling — which was suspended until Jan. 1, 2025. The department in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating. Once those measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. "I respectfully urge Congress to act to protect the full faith and credit of the United States," Yellen said. The news came after Democratic President Joe Biden signed a bill into law last week that averted a government shutdown but did not include Republican President-elect Donald Trump’s core debt demand to raise or suspend the nation’s debt limit. Congress approved the bill only after a fierce internal debate among Republicans over how to handle Trump's demand. “Anything else is a betrayal of our country,” Trump said in a statement. After a protracted debate in the summer of 2023 over how to fund the government, policymakers crafted the Fiscal Responsibility Act, which included suspending the nation's $31.4 trillion borrowing authority until Jan. 1, 2025. Notably however, Yellen said, on Jan. 2 the debt is projected to temporarily decrease due to a scheduled redemption of nonmarketable securities held by a federal trust fund associated with Medicare payments. As a result, “Treasury does not expect that it will be necessary to start taking extraordinary measures on January 2 to prevent the United States from defaulting on its obligations," she said. The federal debt stands at about $36 trillion — after ballooning across both Republican and Democratic administrations. The spike in inflation after the COVID-19 pandemic pushed up government borrowing costs such that debt service next year will exceed spending on national security. Republicans, who will have full control of the White House, House and Senate in the new year, have big plans to extend Trump's 2017 tax cuts and other priorities but are debating over how to pay for them.Understanding Loadbreak Elbow and Role in Medium Voltage Protection 12-27-2024 09:38 PM CET | Industry, Real Estate & Construction Press release from: ABNewswire A Loadbreak Elbow [ https://www.ahelek.com/15kv-loadbreak-elbow-surge-arrester-product/ ] is a crucial component in medium-voltage electrical distribution systems, primarily used for connecting and disconnecting cables under load conditions. Loadbreak elbows are designed to ensure safe, reliable connections and disconnections in high-voltage environments. They are essential in protecting transformers, switchgears, and cables in medium voltage networks. Among various types, the 17/50kV Loadbreak Elbow Surge Arrester stands out for its ability to mitigate overvoltage events, enhancing the resilience of medium voltage systems. Let's dive deeper into the unique features, functions, and benefits of using loadbreak elbows, particularly the 17/50kV model with integrated surge protection. Image: https://c861.goodao.net/uploads/%E5%9B%BE%E7%89%87152.png 1. What is a Loadbreak Elbow? A Loadbreak Elbow is a high-voltage, fully insulated connector that allows for load-interrupting capability in medium voltage (MV) networks. This device provides a safe way to connect and disconnect cables from transformers, switchgear, and other critical infrastructure without de-energizing the entire system. Loadbreak elbows ensure secure, temporary connections and are commonly used in underground electrical distribution systems. Key features of a loadbreak elbow include: * Load-interrupting capacity: Enables safe disconnection even under load. * Insulated design: Prevents accidental exposure to high voltage. * Flexible configuration: Compatible with various equipment like transformers, cables, and switchgear. The loadbreak elbow design enables it to maintain electrical integrity in high-voltage settings, ensuring continuity of power with minimal risk. 2. Features of the 17/50kV Loadbreak Elbow Surge Arrester The 17/50kV Loadbreak Elbow Surge Arrester is a specialized version designed to protect medium voltage equipment from overvoltage. Overvoltage can occur due to factors like lightning strikes, switching surges, or power system disturbances. The 17/50kV rating signifies its suitability for specific voltage levels in medium voltage networks. This loadbreak elbow variant is equipped with a surge arrester, which helps limit incoming overvoltage waves and reduce voltage increases caused by reflections within the system. Key features include: * Silicone Rubber Connector Housing: Provides excellent insulation, environmental resilience, and durability. * 200A Load Break Bushing Extender Compatibility: Designed to be installed on the 200A load break bushing extender, which is common in medium voltage systems. * Effective Surge Protection: By absorbing and dispersing excess voltage, it protects critical components like transformers, switchgear, and cables. 3. Applications of the 17/50kV Loadbreak Elbow Surge Arrester The 17/50kV loadbreak elbow with surge arresting capabilities is ideally suited for various medium voltage network applications. Its primary role is to protect essential components from damage due to overvoltage. Typical applications include: * Transformers: Protects transformers from voltage spikes that can damage windings and insulation. * Switchgear: Reduces the risk of arc flash or dielectric breakdown due to high-voltage transients. * Cables: Limits voltage increases along cables, which can otherwise lead to insulation breakdown and premature aging. By preventing excessive voltage, the loadbreak elbow surge arrester extends the lifespan of these components, minimizes maintenance costs, and improves system reliability. 4. Benefits of the Silicone Rubber Connector Housing The silicone rubber connector housing used in the 17/50kV Loadbreak Elbow Surge Arrester [ https://www.ahelek.com/15kv-loadbreak-elbow-surge-arrester-product/ ] offers significant advantages over traditional materials: * Superior Insulation: Silicone rubber provides excellent insulation properties, essential for high-voltage applications. * Enhanced Durability: Resistant to environmental stressors such as moisture, UV radiation, and temperature extremes, silicone rubber housing ensures the long-term reliability of the loadbreak elbow. * Thermal Stability: Silicone rubber performs well under a wide range of temperatures, maintaining its insulating properties and structural integrity even under high-stress conditions. This robust housing material contributes to the loadbreak elbow's resilience in harsh environments, making it suitable for outdoor applications and underground installations where exposure to moisture and temperature fluctuations are common. Image: https://c861.goodao.net/uploads/%E5%9B%BE%E7%89%87161.png 5. The Role of the Surge Arrester in Voltage Protection Surge arresters play a critical role in managing and dispersing excess voltage. In the 17/50kV Loadbreak Elbow Surge Arrester, the surge arrester component serves two essential functions: * Limiting Incoming Overvoltage Waves: High-voltage surges, especially those caused by external events like lightning, can lead to equipment failure. The surge arrester dissipates these high-energy waves, preventing them from entering the network. * Reducing Voltage Increase by Reflection: In medium voltage networks, voltage reflections can amplify due to sudden impedance changes. The surge arrester mitigates this by absorbing the reflected energy, stabilizing voltage levels. This dual functionality of overvoltage protection and reflection damping is particularly valuable in maintaining a stable and reliable medium voltage network. 6. Installation on the 200A Load Break Bushing Extender The 200A Load Break Bushing Extender is an accessory commonly used in conjunction with loadbreak elbows. It provides a compatible interface that ensures secure connections and stable performance. When the 17/50kV loadbreak elbow surge arrester is installed on the 200A load break bushing extender, it enhances the overall functionality by allowing: * Increased Connection Points: The bushing extender provides additional connection options for complex network configurations. * Enhanced Flexibility in Operation: Allows for safe, efficient switching and load interruption without compromising the system's integrity. The combination of the loadbreak elbow surge arrester with a bushing extender enables more adaptable and resilient network designs. 7. Advantages of Using a 17/50kV Loadbreak Elbow Surge Arrester The 17/50kV Loadbreak Elbow Surge Arrester offers several key benefits, particularly for medium voltage applications: * Improved Network Resilience: By managing overvoltage events, it prevents unexpected equipment failures and prolongs the service life of transformers, switchgear, and cables. * Enhanced Safety: Surge arresters mitigate the risks associated with high-voltage transients, reducing the likelihood of arc flash and insulation breakdown. * Reduced Downtime and Maintenance: Protecting equipment from voltage spikes reduces the need for frequent repairs or replacements, minimizing operational downtime. * Cost-Effective Solution: With extended equipment life and lower maintenance costs, this loadbreak elbow configuration offers a cost-effective solution for medium voltage network protection. 8. Why Choose a Loadbreak Elbow [ https://www.ahelek.com/15kv-loadbreak-elbow-surge-arrester-product/ ] with Surge Arrester? Investing in a loadbreak elbow with an integrated surge arrester offers several advantages for utility companies, industrial facilities, and other medium voltage network operators: * Versatility in Applications: Suitable for both outdoor and underground installations, as well as in substations, transformers, and switchgear. * High Performance Under Harsh Conditions: The combination of silicone rubber housing, overvoltage protection, and compatibility with standard bushing extenders make it reliable in diverse environments. * Compliance with Safety Standards: Loadbreak elbows with surge arresters meet stringent safety standards, providing assurance of reliable protection against overvoltage hazards. Conclusion The 17/50kV Loadbreak Elbow Surge Arrester is a critical component for medium voltage network protection, specifically designed to mitigate overvoltage events and protect valuable equipment. Featuring silicone rubber housing, compatibility with the 200A load break bushing extender, and dual-function surge protection, this loadbreak elbow ensures resilience, reliability, and safety in demanding environments. For utility companies and industries relying on medium voltage networks, investing in this loadbreak elbow is a cost-effective way to prevent overvoltage damage, reduce maintenance needs, and ensure continuous operation across the network. Whether used in transformers, switchgear, or cables, the 17/50kV loadbreak elbow surge arrester proves indispensable for safe and efficient power distribution. Media Contact Company Name: Anhuang Electric Power Technology Co., Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=understanding-loadbreak-elbow-and-role-in-medium-voltage-protection ] Country: China Website: https://www.ahelek.com/ This release was published on openPR.BSF Foils drug smuggling attempt, recovers heroin in Fazilka border
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ASX real estate shares are drawing attention as 2025 approaches. This follows a mixed year for the sector, in which some shares outperformed and some lagged peers by a wide margin. With interest rates potentially easing and demand for digital infrastructure rising, sitioned for growth. Let's jump in and see why these two stocks stand out. ASX real estate stocks poised for growth in 2025 The first ASX real estate share for the company. Goldman Sachs estimates that there US$1 trillion invested in data centres over the coming years, providing a large tailwind to players like Goodman. Its $13 billion development pipeline includes significant data centre projects, which cater to the rising demand for cloud computing and Morgan Stanley on Goodman's outlook in 2025, according to The Motley Fool's James Mickleboro. The investment bank has an overweight rating and a $42.40 price target on the ASX real estate stock. With Goodman shares currently priced at $36.89 apiece, this implies a potential 15% upside at the time of writing. As we head into 2025, the majority of brokers rate Goodman a buy. According to CommSec, seven brokers are bullish versus three on the other side of the fence. Centuria Industrial REIT well positioned Centuria Industrial REIT gives to "invest in industrial property via a real estate investment trust (listed property trust)." Its portfolio contains industrial properties catering to e-commerce and logistics businesses. It currently owns "89 high-quality, fit-for-purpose industrial assets worth a collective $3.8 billion". As we reported earlier this week, . It cites valuation and fundamentals as its reasoning for the buy call. The broker expects per share of 16 cents in FY25 and 17 cents in FY26 from Centuria. UBS also has a $3.80 price target on the REIT's share price, suggesting a potential upside of 31% at the time of writing. Meanwhile, the consensus of analyst estimates rates the company a buy, according to CommSec. For income-focused investors, Centuria's solid dividend outlook and exposure to high-demand industrial assets make it a standout option in the ASX real estate sector. What could drive ASX real estate shares in 2025? The Reserve Bank of Australia (RBA) has hinted that is tracking towards its target. If it continues this way, the bank could potentially see lower . Lower interest rates typically reduce borrowing costs and boost property valuations, which could provide a tailwind for ASX real estate shares. If these factors do eventuate, it could be positive for both Goodman Group and Centuria Industrial REIT, in my view. Experts say both names present opportunities for investors seeking exposure to ASX real estate shares in 2025.
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ROME: Italy’s parliament on Saturday approved the 2025 budget, aiming to both appease EU demands to lower the eurozone nation’s deficit and honour Prime Minister Giorgia Meloni’s pledge to cut taxes. Over half of the package, worth some 30 billion euros ($31 billion), is devoted to cuts to tax and social security contributions for low- and middle-income earners. Rome is having to perform a fine fiscal balancing act, after Brussels took Italy to task earlier this year over its debt worth nearly 3 trillion euros, the second highest as a proportion of gross domestic product (GDP) in the European Union. French stocks outperform on expectations of new budget Meloni’s hard-right coalition has committed to reducing the public deficit to 3.3 percent of GDP in 2025, down from an expected 3.8 percent this year. But the budget comes amid slowing growth, with the ISTAT national statistics office estimating GDP this year to increase just 0.5 percent — half what it forecast in June. The measures approved include making permanent a merging of the lower two income tax brackets, so people earning 28,000 euros a year can pay 23 percent instead of 25 percent. And the budget expands the number of people eligible for a reduction of social or tax charges. Meloni’s far-right Brothers of Italy party is also trying to boost Italy’s flagging birth rate, and the budget allocates a 1,000-euro bonus per newborn for families earning up to 40,000 euros a year. Environmental associations have complained there is little for tackling man-made climate change, though Rome is scrapping a bonus for gas-fired boilers, under pressure from Brussels. Instead, buyers of energy-efficient household appliances will be eligible for a bonus of up to 100 euros — rising to 200 euros for households earning under 25,000 euros. Companies that boost hiring and reinvest part of their profits will be able to benefit from a reduction in the corporate tax rate, which drops from 24 percent to 20 percent. This new measure is partly financed by Italy’s banking sector, which has been asked to contribute a total of 3.4 billion euros for the 2025 and 2026 budgets. They have agreed to postpone tax credits for these two years to provide liquidity to the Italian state, which should repay them later.5 Smart Jump Ropes That Will Level Up Your Workout