WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy said on Friday he would accept an invitation from President Joe Biden to sit down and discuss how to raise the U.S. debt limit. McCarthy, the top Republican in Congress, made the remark on Twitter in response to a comment from Biden that he was going to …
U.S. House Speaker McCarthy says accepts Biden’s invitation to talk on debt limit Read More »
By Andrea Shalal DAKAR (Reuters) -Russia’s war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag on the continent’s economy, U.S. Treasury Secretary Janet Yellen said in Senegal’s capital Dakar on Friday. Yellen said ending the war would be the best thing to help the global economy, but …
Yellen says Russian oil price cap could save African countries $6 billion annually Read More »
By David Morgan and David Lawder WASHINGTON (Reuters) – The U.S. government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the Republican-controlled House of Representatives and President Joe Biden’s Democrats on lifting the ceiling, which could lead to a fiscal crisis in a few months. Treasury Secretary Janet Yellen informed congressional …
U.S. hits debt ceiling as partisan standoff sparks economic worries Read More »
By Jeff Mason APTOS, Calif. (Reuters) -U.S. President Joe Biden said on Thursday he has “no regrets” about not publicly disclosing before the midterm elections the discovery of classified documents at his former office and believed the matter will be resolved. Attorney General Merrick Garland last week named a special counsel to investigate the matter …
Biden has ‘no regrets’ about timing of classified documents disclosure Read More »
By David Morgan WASHINGTON (Reuters) – Former President Donald Trump warned his fellow Republicans on Friday not to “destroy” federal retirement and health benefits as they try to exact spending cuts from President Joe Biden and his Democratic allies in the looming debate over the debt ceiling. “Under no circumstances should Republicans vote to cut …
Trump warns U.S. House Republicans not to touch Social Security, Medicare Read More »
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank’s investment banking bonus pool for last year will fall by somewhat less than 10%, a person with knowledge of the matter said on Friday, providing more evidence of tougher times in finance. Bankers working on M&A origination and advisory will face around a 40% …
Deutsche Bank investment bank bonus pool down less than 10% – source Read More »
(Corrects related graphic) By Medha Singh (Reuters) -Shares of U.S. grocers, packaged food companies and supermarkets were lagging in the first three weeks of 2023, in a sharp contrast to last year, as their high valuations and unattractive dividend appeal pushed investors to U.S. Treasuries. The S&P 500 consumer staple sector, along with other bond …
U.S. consumer staples stocks limp after solid performance in 2022 Read More »
(This Jan.19 story has been officially corrected to say that 9 countries were involved, not 11, in the first paragraph; removes Germany and Spain from paragraph 3, after Estonia revised its statement) (Reuters) – A group of nine European states have pledged to deliver more arms to Ukraine in its war with Russia, saying they …
European states in Estonia pledge weapons for Ukraine Read More »
(Reuters) – Failure to increase the U.S. debt ceiling would have serious repercussions for the United States and the global economy, an International Monetary Fund spokesperson said on Friday, urging involved parties to work to resolve the standoff. “The world economy is facing another challenging year. There would be serious repercussions if the U.S. debt …
IMF says failure to increase U.S. debt ceiling would have ‘serious repercussions’ Read More »
(Reuters) -The fast-spreading Omicron subvariant XBB.1.5 accounted for nearly half of the COVID-19 cases in the United States, data from the U.S. Centers for Disease Control and Prevention showed on Friday. It is estimated to have accounted for 49.1% of COVID cases in the country in the week ended Jan. 21, compared with 37.2% estimated …
Omicron subvariant XBB.1.5 accounts for nearly half of U.S. COVID cases- CDC Read More »
