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Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right
Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right
The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy
2023-05-29 03:28
Boeing looks to sell at least 150 737 Max jets to Riyadh Air - Bloomberg News
Boeing looks to sell at least 150 737 Max jets to Riyadh Air - Bloomberg News
Boeing Co is working on a deal to sell at least 150 737 Max jetliners to Saudi Arabian
2023-05-29 03:28
Erdogan's priorities for last term as Turkey president
Erdogan's priorities for last term as Turkey president
Recep Tayyip Erdogan has a huge in-tray waiting for him at his presidential palace after extending his two-decade rule over Turkey for one...
2023-05-29 03:15
Microsoft executive calls for faster AI regulation
Microsoft executive calls for faster AI regulation
The government needs to work faster to regulate AI, which has more potential for the good of humanity than any other invention preceding it, Brad Smith, Microsoft president and vice chair, said on CBS' "Face the Nation" Sunday.
2023-05-29 02:58
Spain’s Right-Wing Parties Poised to Win Two Key Regional Votes
Spain’s Right-Wing Parties Poised to Win Two Key Regional Votes
Spain’s right-wing parties were poised to win two key regions in municipal elections on Sunday, potentially complicating Socialist
2023-05-29 02:56
Biden, McCarthy Signal Confidence That Debt-Limit Deal Will Pass
Biden, McCarthy Signal Confidence That Debt-Limit Deal Will Pass
President Joe Biden and House Speaker Kevin McCarthy voiced confidence that their tentative debt-ceiling deal will pass Congress
2023-05-29 02:55
Boeing Works to Win Another Saudi Deal, This Time for 737 Max
Boeing Works to Win Another Saudi Deal, This Time for 737 Max
Boeing Co. is working to land its second major deal in Saudi Arabia this year, with the US
2023-05-29 02:45
Erdogan Seals Election Victory in Turkey to Defy Naysayers
Erdogan Seals Election Victory in Turkey to Defy Naysayers
Turkish President Recep Tayyip Erdogan sealed an election victory that appeared unlikely just weeks ago, raising the prospect
2023-05-29 01:54
Debt Deal Adds Brake on US Economy Already at Risk of Recession
Debt Deal Adds Brake on US Economy Already at Risk of Recession
The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind
2023-05-29 01:47
Saudi Net Reserves Fall to $410 billion, Lowest Since 2010
Saudi Net Reserves Fall to $410 billion, Lowest Since 2010
Saudi Arabia’s net foreign assets fell to 1.538 trillion riyals ($410 billion) in April, the lowest since January
2023-05-29 00:53
Fed’s Goolsbee Warns US Default ‘Extremely Negative’ For Economy
Fed’s Goolsbee Warns US Default ‘Extremely Negative’ For Economy
Federal Reserve Bank of Chicago President Austan Goolsbee expressed optimism that there’s bipartisan support for a tentative deal
2023-05-29 00:21
Democrats look set to back 11th hour debt ceiling deal – while GOP right-wingers threaten to blow it up
Democrats look set to back 11th hour debt ceiling deal – while GOP right-wingers threaten to blow it up
House Speaker Hakeem Jeffries sounded confident that Congress would vote to avert a default on the US’s obligations on Sunday, hours after news broke that the White House had reached a deal with Republican leadership to raise the debt ceiling. The “agreement in principle” was announced Saturday evening after much of the House of Representatives and Senate had left for the Memorial Day weekend. A handful remained in Washington to continue negotiations ahead of the deadline; the US Treasure Department estimates that the federal government’s ability to pay its debts will be in question come 1 June — this Thursday. Mr Jeffries spoke on CBS’s Face the Nation on Sunday. While he cautioned that he had not seen the actual text of the bill, which is reportedly set to cap funding for the US government (except for the military) through 2024, he offered a simple “yes” when asked directly if he could guarantee that the US would avert default. It’s a statement that will likely mean a sigh of relief for those Americans worried about the effects that a credit downgrade would have on the US economy, though that remains a possibility thanks to the toxic partisanship that brought the US to this point in the first place, but also one that may frustrate progressives and other Democrats who may see the development as Democrats giving in to the GOP’s demands. The deal does stave off further debt ceiling negotiations until 2025, but many on the left simply wish to do away with the limit altogether. And there’s already signs that many on the conservative right do not like the deal, with some even calling any legislation that raises the debt limit a non-starter. Their opposition within the GOP’s slim House majority necessitates votes from Democrats to pass this deal or any other. More follows...
2023-05-28 23:55
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