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
US debt ceiling: Negotiators agree a deal in principle, McCarthy says
The White House and the Republicans are now said to be ironing out details of a bill to avert a default.
2023-05-28 09:18
Modi to Unveil New Parliament, Reshaping India’s Power Center
India’s corridors of power are getting a makeover — part of Prime Minister Narendra Modi’s efforts to cement
2023-05-28 08:46
Erdogan Seeks to Seal Victory in Run-Off for Turkish Presidency
Turkish President Recep Tayyip Erdogan is aiming to drive home an election victory to extend his rule well
2023-05-28 08:30
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
From your 401(k) to bonds, here's how to protect your financial well-being as debt default worries grow
Treasury Secretary Janet Yellen earlier this week reaffirmed Thursday June 1 as the deadline for the government to act. But with that X-date only one week away, there's still no deal to raise the debt ceiling -- putting Americans' finances in danger.
2023-05-28 03:59
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
Bulgarian Government Deal Hits the Rocks Over Leaked Wiretaps
Bulgaria’s long-awaited coalition deal may face collapse, prolonging a years-long political crisis, as the Balkan country’s biggest party
2023-05-27 23:50