Reuters USA

U.S. could face debt-ceiling crisis this summer without deal, CBO warns

By David Lawder and Richard Cowan WASHINGTON (Reuters) -The Congressional Budget Office on Wednesday said the U.S. Treasury Department will exhaust its ability to pay all its bills sometime between July and September, unless the current $31.4 trillion cap on borrowing is raised or suspended. In a report issued alongside its annual budget outlook, the …

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Downed Chinese balloon aimed for Hawaii but was blown off course -U.S. official

WASHINGTON (Reuters) – U.S. officials believe a Chinese balloon that was shot down after crossing the continental United States originally had a trajectory that would have taken it over Guam and Hawaii but was blown off course by prevailing winds, a U.S. official speaking on condition of anonymity, said on Wednesday. The balloon, which Washington …

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What’s up there? Possible explanations for mystery objects downed by U.S

By Joey Roulette WASHINGTON (Reuters) – Weather balloons, civilian drones and other non-military aerial gadgets are all possible explanations for the mysterious objects the U.S. military has shot out of the sky in the past week, say scientists and atmospheric experts. U.S. and Canadian officials have offered scant details about what exactly fighter jets shot …

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New York Senate rejects Governor Hochul’s pick for top state judge

NEW YORK (Reuters) – New York’s state Senate on Wednesday rejected Governor Kathy Hochul’s choice to become the state’s highest-ranking judge, a defeat for the state’s top Democrat who failed to overcome opposition from her own party to the nomination. Hochul’s choice, Hector LaSalle, is the presiding justice of a midlevel state appeals court in …

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Nikki Haley swipes at ‘faded names’ in bid for Republican 2024 nomination

By Gram Slattery CHARLESTON, S.C. (Reuters) -Former U.N. ambassador Nikki Haley called on Republicans to move on from “stale ideas” and “faded names,” a veiled swipe at her former boss Donald Trump, as she made her first stop on Wednesday in a campaign for the 2024 presidential nomination. The former South Carolina governor is just …

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Charlie Munger downplays risk of Taiwan invasion, says crypto fans are ‘idiots’

By Jonathan Stempel (Reuters) – Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Wednesday said China remains a top opportunity for investors despite geopolitical risks. Munger also doubled down on his recent Wall Street Journal editorial calling for the U.S. government to follow China and ban cryptocurrency, saying “people …

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U.S. Rep. Matt Gaetz says he will not face federal sex trafficking charge

By Moira Warburton WASHINGTON (Reuters) – U.S. Representative Matt Gaetz’s office on Wednesday said federal prosecutors had told his attorneys that he would not be criminally charged following an almost three-year-long sex-trafficking investigation. A Justice Department spokesperson declined to comment. The hardline Republican had been one of the subjects of a federal probe beginning in …

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