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...

DALLAS--(BUSINESS WIRE)--Oct 3, 2023--

By Jamie McGeever A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

The European Central Bank must lift borrowing costs further to return inflation to its target, Governing Council member

SHANGHAI China kept its benchmark lending rates unchanged at the monthly fixing on Friday, matching market expectations, as

China is showing signs of a significant economic slowdown after decades of supercharged growth. A much anticipated post-pandemic

ATLANTA--(BUSINESS WIRE)--Jul 12, 2023--

You may see lab-grown meat and insects on the menu in future decades, as the world grapples with

TAIPEI, Taiwan--(BUSINESS WIRE)--Dec 1, 2023--

By Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) -Profound changes in how the global economy operates, from increased protectionism to energy

Ford Motor Chief Executive Jim Farley said Thursday the United Auto Workers union proposal to hike wages by

CANONSBURG, Pa.--(BUSINESS WIRE)--Aug 9, 2023--