White House, Republicans Reach Deal to Avert US Default
White House and Republican negotiators reached a tentative deal to raise the US debt ceiling and avert a
2023-05-28 09:21
Debt ceiling deal reached between Biden and McCarthy
President Joe Biden and House Speaker Kevin McCarthy have reached a tentative agreement to avert a catastrophic and unprecedented default on America’s sovereign debt, ending a monthlong standoff that threatened the US and global economies. The White House said Mr Biden and Mr McCarthy spoke by phone for roughly 90 minutes late Saturday. The president also spoke with Democratic congressional leaders as the talks between the White House and the Republicans who control the House of Representatives entered final stages after days of back-and-forth over GOP demands to add work requirements for food assistance and other programs meant to help lower-income Americans. One source familiar with the matter described the president and the House Speaker as having come to an “agreement in principle” that would limit federal spending while raising the nation’s statutory debt limit by an amount large enough to keep the issue off the table through the November 2024 general election. More follows...
2023-05-28 09:21
South Korea to Avoid Cashing In on China’s US Chipmaker Ban
South Korea will avoid capitalizing on China’s ban on a US chipmaker, seeing the move by Beijing as
2023-05-28 07:49
Biden, McCarthy Speak Saturday Night on Debt Talks
President Joe Biden and House Speaker Kevin McCarthy are speaking by phone Saturday evening as their negotiators on
2023-05-28 06:45
Texas AG Ken Paxton Impeached by Republican-Led State House
Texas Attorney General Ken Paxton was impeached in an extraordinary vote by the state’s Republican-dominated House of Representatives,
2023-05-28 06:29
Argentina Economic Chief to Fly to China for Swap Line Talks
Argentine Economy Minister Sergio Massa will travel to China next week in a bid to free up more
2023-05-28 06:22
Here’s Why Buying a Chunk of America Can Be an Inflation Hedge
In an era of historic inflation, one alternative investment has been making its way into portfolios as a
2023-05-28 04:24
DeSantis, Now a Candidate, Finally Engages Trump Head On
Florida Governor Ron DeSantis studiously avoided even mentioning Donald Trump’s name for months, instead making veiled references to
2023-05-28 03:26
Colombia Needs New Oil Drilling, Former Finance Chief Says
Colombia needs new oil exploration after a drop in the nation’s proven reserves as the government seeks to
2023-05-28 03:24
Chile Sees Lithium Plan Expanding Trade Ties, Foreign Investment
Chile’s government expects its new lithium strategy to expand international trade relationships while attracting more foreign investment to
2023-05-28 01:59
US-Led Pacific Group Reaches Deal on Supply Chain Resilience
Fourteen countries in US-led Indo-Pacific trade talks agreed on supply chain coordination, the most substantial progress so far
2023-05-28 01:21
No Picnics for Debt Negotiators: Your Saturday US Briefing
Happy Memorial Day weekend. Summer officially kicks off here in the US and it’s time to break out
2023-05-27 22:20