UK Speeding-Ticket Row Shows Sunak’s Hard Road to Election
Rishi Sunak pledged to restore integrity and professionalism to his Conservative government when he took office in October.
2023-05-23 15:29
Egypt Races to Solve Currency Dilemma in Hunt for Gulf, IMF Cash
What comes first, another currency devaluation or a wave of Gulf investment? Cash-strapped Egypt is racing to resolve
2023-05-23 15:19
Bank of Korea to hold rates until end of September, cut in Q4- Reuters poll
By Anant Chandak BENGALURU The Bank of Korea will keep interest rates unchanged for a third time on
2023-05-23 08:53
Biden, McCarthy Have Productive Talk on Debt But No Deal Yet
House Speaker Kevin McCarthy said he and President Joe Biden had a productive talk but have not yet
2023-05-23 07:56
Biden ‘optimistic’ as McCarthy arrives for last-ditch debt talks
President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis
2023-05-23 06:58
Fact Check: Sen. Tim Scott's presidential announcement speech
Sen. Tim Scott announced he's running for the Republican nomination for president on Monday, setting up a challenge to former President Donald Trump, the current frontrunner.
2023-05-23 06:24
E. Jean Carroll Wants to Add Trump’s CNN Town Hall Comments to Defamation Suit
The New York author who won a $5 million civil sexual-abuse trial against Donald Trump earlier this month
2023-05-23 06:18
Chinese Citizens Sue Florida Over Ban on Home Purchases
The American Civil Liberties Union sued Florida over a law championed by Governor Ron DeSantis that bars most
2023-05-23 05:49
TikTok Sues Montana to Block First Statewide Ban of App
TikTok Inc. sued Montana over the first statewide ban of the popular app, saying the state has trampled
2023-05-23 05:16
The Fear Premium in Bills Is Growing as Debt-Cap Fight Drags On
Investors have jacked up sharply the premium they demand to hold US paper that’s most at risk of
2023-05-23 04:55
Doctors in England to Hold 72-Hour Strike After Talks Break Down
Junior doctors in England will stage another 72-hour walkout over pay, as they warn of a summer of
2023-05-23 04:50
Argentina Introduces 2,000 Peso Banknote. It’s Worth $4
Argentina introduced its largest-denomination banknote on Monday as inflation running at more than 100% a year forces the
2023-05-23 02:53