Reuters USA

Acting FAA chief to testify before U.S. Senate panel on computer outage

By David Shepardson WASHINGTON (Reuters) – The acting head of the Federal Aviation Administration (FAA) will testify on Feb. 15 before the U.S. Senate Commerce Committee on a Jan. 11 computer system outage that disrupted more than 11,000 U.S. flights, sources told Reuters. Acting FAA Administrator Billy Nolen told lawmakers last month that the agency …

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Yellen touts battery investments, supports Europe’s plans for competing subsidies

By David Lawder SPRING HILL, Tenn. (Reuters) -U.S. Treasury Secretary Janet Yellen touted clean energy investments on Wednesday at a Tennessee electric vehicle battery plant benefiting from tax incentives in President Joe Biden’s signature climate legislation, adding that she supports Europe’s plans for competing subsidies. Yellen told reporters at the Ultium Cells LLC factory under …

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Australia’s four biggest banks fully pass on central bank rate hike

(Reuters) – Commonwealth Bank of Australia and Westpac Banking Corp followed their two main rivals on Thursday in saying they would fully pass on to customers the 0.25 percentage point interest rate rise implemented by the central bank on Tuesday. Like National Australia Bank and ANZ Group Holdings, Commonwealth Bank said its rise would take …

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White House renews pressure on railroads over paid sick leave

By Nandita Bose WASHINGTON (Reuters) – Top White House officials spoke to executives from the largest U.S. railroad operators in recent days, renewing pressure to reach an agreement to secure paid sick leave for workers after President Joe Biden signed legislation to block a national railroad strike in December. Biden’s top economic adviser, Brian Deese, …

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U.S. Treasury’s Yellen still hopes to visit China but offers no details on timing

By David Lawder and Kanishka Singh SPRING HILL, Tenn./ WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that she still hoped to visit China but offered no details on plans or timing. A team of U.S. Treasury officials was scheduled to travel to China this month to prepare for a visit by Yellen, …

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About 27.3 million people watched Biden address, down from last year

By Helen Coster and Lisa Richwine (Reuters) -An estimated 27.3 million people watched U.S. President Joe Biden’s Tuesday night State of the Union speech, according to Nielsen ratings data from 16 television networks. Biden’s audience fell 29% from his State of the Union address last year, which brought in 38.2 million television viewers, Nielsen said. …

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