Indian banks start exchanging withdrawn 2,000-rupee notes
The 2,000-rupee notes have been withdrawn, sparking concerns and confusion.
2023-05-23 14:50
Volvo Signs Green Power Deal With Wind Park in Rare Agreement
Volvo Car AB has signed an agreement to purchase wind power from renewables producer Vattenfall AB in a
2023-05-23 14:22
Modi Uses Sydney Event to Bolster Image After Poll Loss at Home
Thousands of expatriate Indians have begun thronging Australia’s largest entertainment and sporting arena in Sydney to welcome Indian
2023-05-23 11:50
Actor Jeremy Renner wants tax credits for film projects in northern Nevada but he may have to wait
Actor Jeremy Renner spent Monday pitching an amendment to Nevada lawmakers to include his home region in a tax deal to expand the film industry to Las Vegas
2023-05-23 09:52
Montana is banning TikTok. But can the state enforce the law and fend off lawsuits?
TikTok is challenging Montana’s first-of-its kind law that makes it illegal for people to use the social media app in the state
2023-05-23 07:15
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
U.S. fines LATAM Airlines $1 million over delayed ticket refunds
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) said on Monday it had fined LATAM Airlines Group SA
2023-05-23 06:52
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
Debt ceiling deal: The sticking points holding things up
President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.
2023-05-23 05:25
Buy the dip? If the debt ceiling isn't resolved soon, markets will likely slide
If the United States defaults on its debt, it would be catastrophic for the economy. Millions of jobs would be impacted, the cost of borrowing money would skyrocket and government benefits many people rely wouldn't be sent on time.
2023-05-23 03:25
ECB's de Cos still sees 'some way to go' on policy tightening
MADRID The European Central Bank still needs to raise its interest rates further and then leave them in
2023-05-23 01:58
Indianapolis 500 Tickets: How Much Does It Cost to Attend?
How much are Indy 500 tickets?
2023-05-23 01:25