Debt ceiling: Still no plan to avoid a default, but major shifts in posture
After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.
2023-05-13 04:54
American consumers are growing worried about a US debt default
US consumer sentiment worsened in May as Americans grew concerned about the economy's direction and a potential default of the US government's debt, according to a preliminary report from the University of Michigan Friday.
2023-05-13 00:19
US consumer sentiment drops to six-month low in May
WASHINGTON U.S. consumer sentiment slumped to a six-month low in May as a standoff to raise the federal
2023-05-12 22:46
As US Border Crossings Jump, Biden Asks Latin America for Help. It’s a Tough Sell
President Joe Biden wants to share the burden of an increase in migration with other nations along the
2023-05-12 22:29
Here's how the 14th Amendment factors into the debt ceiling debate
As the stalemate over addressing the debt ceiling continues and the threat of default looms larger, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.
2023-05-12 21:22
US Treasury takes middle road on solar panels 'Made in the USA'
By Nichola Groom and David Lawder The U.S. Treasury Department on Friday clarified that developers of solar energy
2023-05-12 21:17
Pope Francis warns pets must not replace children in Italy
Pope Francis warns only the rich can afford to start a family, as Italy's birth rate hits new low.
2023-05-12 19:53
Economists See South Africa Skirting Recession in First Quarter
South Africa’s economy probably avoided a technical recession in the first quarter, despite more intense power outages. A
2023-05-12 19:50
Music Streaming Has a $2 Billion Fraud Problem That Goes Beyond AI
Staring at his computer screen, Kristoffer Rom couldn’t believe the numbers rolling in from Spotify. A year and
2023-05-12 19:28
AngloGold Plans to Switch Primary Listing to NYSE, UK Domicile
AngloGold Ashanti Ltd. is speeding its retreat from South Africa, where the gold miner was formed more than
2023-05-12 19:26
Tesla Recalls 1.1 Million Cars in China Over Braking Defect
Tesla Inc. will need to fix almost every car it’s ever sold in China due to an issue
2023-05-12 15:59
Singapore central bank chief Menon re-appointed for 2 more years
(Repeats to add update to tagline. Text unchanged) SINGAPORE (Reuters) -Singapore's central banker Ravi Menon has been re-appointed in his
2023-05-12 15:58