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List of All Articles with Tag 'person'

Biden, House Speaker McCarthy could speak Sunday on debt limit
Biden, House Speaker McCarthy could speak Sunday on debt limit
By Trevor Hunnicutt HIROSHIMA, Japan U.S. President Joe Biden and top congressional Republican Kevin McCarthy could speak as
2023-05-21 11:15
Guitar smashed by Nirvana's Kurt Cobain sells for nearly $600,000
Guitar smashed by Nirvana's Kurt Cobain sells for nearly $600,000
A guitar smashed on stage by Nirvana front man Kurt Cobain sold for nearly $600,000, several times its original estimate...
2023-05-21 10:24
Australian PM backs G7 on 'de-risking' trade with China
Australian PM backs G7 on 'de-risking' trade with China
SYDNEY Australian Prime Minister Anthony Albanese said on Sunday that he backed a Group of Seven (G7) joint
2023-05-21 10:23
Private mission carrying first Saudi astronauts to visit ISS set for launch
Private mission carrying first Saudi astronauts to visit ISS set for launch
A private mission to the International Space Station (ISS) organized by Axiom Space is due to blast off from Florida on Sunday, carrying the first two Saudi astronauts to...
2023-05-21 09:58
Yoon, Kishida Show Unity at Memorial for Korean A-Bomb Victims
Yoon, Kishida Show Unity at Memorial for Korean A-Bomb Victims
South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida together laid flowers at a memorial
2023-05-21 09:22
Bond Market Caught Between Fears of US Debt Default, Rate Hikes
Bond Market Caught Between Fears of US Debt Default, Rate Hikes
Bond traders are losing faith that the Federal Reserve is done tightening monetary policy and will ride to
2023-05-21 04:20
US Inflation Set to Stay Firm in Challenge for the Fed
US Inflation Set to Stay Firm in Challenge for the Fed
The latest marker of underlying US price pressures will offer little hope of settling the debate among Federal
2023-05-21 04:17
Labour Urges Inquiry Into Whether Braverman Broke Rules
Labour Urges Inquiry Into Whether Braverman Broke Rules
The Labour Party called for an ethics inquiry into Home Secretary Suella Braverman, after a newspaper report that
2023-05-21 03:47
George Santos names himself treasurer of his campaign committee
George Santos names himself treasurer of his campaign committee
Rep. George Santos has named himself the treasurer of his campaign committee, marking the latest twist in a monthslong saga over puzzling filings his campaign has made with federal regulators.
2023-05-21 02:52
Debt limit talks seem to make little headway as Biden, world leaders watch from afar for progress
Debt limit talks seem to make little headway as Biden, world leaders watch from afar for progress
Debt limit talks between the White House and House Republicans stopped, started and stopped again heading into a weekend where President Joe Biden and world leaders watched from afar, hoping high-stakes negotiations would make progress on avoiding a potentially catastrophic federal default. In a sign of a renewed bargaining session, food was brought to the negotiating room at the Capitol on Saturday morning, only to be carted away hours later. No meeting was likely Saturday, according to a person familiar with the state of the talks who was not authorized to publicly discuss the situation and spoke on condition of anonymity. Biden's administration is reaching for a deal with Republicans led by House Speaker Kevin McCarthy, R-Calif. The sides are up against a deadline as soon as June 1 to raise its borrowing limit, now at $31 trillion, so the government can keep paying the nation’s bills. Republicans are demanding steep spending cuts the Democrats oppose. Negotiations had came to an abrupt standstill Friday morning when McCarthy said it was time to “pause” talks. Then the teams convened again in the evening, only to quickly call it quits for the night. Biden, attending a meeting of global leaders in Japan, tried to reassure them on Saturday that the United States would not default, a scenario that would rattle the world economy. He said he felt there was headway in the talks. “The first meetings weren’t all that progressive, the second ones were, the third one was,” he said. The president said he believes "we’ll be able to avoid a default and we’ll get something decent done.” Negotiators for McCarthy said after the Friday evening session that they were uncertain on next steps. “We reengaged, had a very, very candid discussion, talking about where we are, talking about where things need to be, what’s reasonably acceptable," said Rep. Garret Graves, R-La. Rep. Patrick McHenry, R-N.C. was asked if he was confident an agreement over budget issues could be reached with the White House. He replied, “No.” As the White House team left the nighttime session, Biden counselor Steve Ricchetti, who is leading talks for the Democrats, said he was hopeful. “We're going to keep working,” he said. McCarthy had said resolution to the standoff is “easy,” if only Biden's team would agree to some spending cuts Republicans are demanding. The biggest impasse was over the fiscal 2024 top-line budget amount, according to a person briefed on the talks and granted anonymity to discuss them. Democrats contend the steep reductions Republicans have put on the table would be potentially harmful to Americans, and they are insisting that Republicans agree to tax increases on the wealthy, in addition to spending cuts, to close the deficit. Wall Street turned lower as negotiations came to a sudden halt. Experts have warned that even the threat of a debt default would could spark a recession. Republicans argue the nation's deficit spending needs to get under control, aiming to roll back spending to fiscal 2022 levels and restrict future growth. But Biden's team is countering that the caps Republicans proposed in their House-passed bill would amount to 30% reductions in some programs if Defense and veterans are spared, according to a memo from the Office of Management and Budget. Any deal would need the support of both Republicans and Democrats to find approval in a divided Congress and be passed into law. Negotiators are eyeing a more narrow budget cap deal of a few years, rather than the decade-long caps Republicans initially wanted, and clawing back some $30 billion of unspent COVID-19 funds. Still up for debate are policy changes, including a framework for permitting reforms to speed the development of energy projects, as well as the Republican push to impose work requirements on government aid recipients that Biden has been open to but the House Democratic leader Hakeem Jeffries of New York has said was a "nonstarter." McCarthy faces pressures from his hard-right flank to cut the strongest deal possible for Republicans, and he risks a threat to his leadership as speaker if he fails to deliver. Many House Republicans are unlikely to accept any deal with the White House. Biden is facing increased pushback from Democrats, particularly progressives, who argue the reductions will fall too heavily on domestic programs that Americans rely on. ___ Associated Press writers Zeke Miller and Josh Boak in Hiroshima, Japan, and AP Congressional Correspondent Lisa Mascaro contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Will Biden's hard-hat environmentalism bridge the divide on clean energy future? Russia warns of ‘colossal risks’ if F-16 fighter jets sent to Ukraine G7 'outreach' an effort to build consensus on global issues like Ukraine, China, climate change
2023-05-21 01:56
Georgia President Boycotts Local Airline Over Flights to Russia
Georgia President Boycotts Local Airline Over Flights to Russia
Georgia’s President Salome Zourabichvili said she will not use the services of the privately owned Georgian Airways following
2023-05-21 01:28
Sinn Fein Set for N.Ireland Election Win, Adds Pressure on DUP
Sinn Fein Set for N.Ireland Election Win, Adds Pressure on DUP
Sinn Fein is on course to become the biggest party in Northern Ireland’s local government for the first
2023-05-21 00:50
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