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On debt ceiling, White House bets Republicans will blink under pressure

By Trevor Hunnicutt WASHINGTON (Reuters) – The White House is refusing to negotiate with hardline Republicans on raising the debt ceiling because it believes enough of them will eventually back off their demands, as a growing chorus of investors, business groups and moderate conservatives warn of the dangers of edging towards a default. The high-stakes …

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Judge rules for Florida’s DeSantis against prosecutor for abortion stance

By Mike Scarcella (Reuters) -Florida Governor Ron DeSantis, considered a possible 2024 Republican presidential contender, will not be forced to reinstate an elected state prosecutor he suspended over his pledge not to bring criminal cases against people seeking or providing abortions, a federal judge ruled on Friday. U.S. District Judge Robert Hinkle in the state …

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Yellen says Russian oil price cap could save African countries $6 billion annually

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 …

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Oil settles up more than 1% on China demand outlook, second weekly gain

By Laila Kearney NEW YORK (Reuters) -Oil settled up about $1 a barrel on Friday and notched a second straight weekly gain as China’s economic prospects brightened, boosting expectations for fuel demand in the world’s second-biggest economy. China’s lifting of COVID-19 restrictions should bring global demand to a record high this year, the International Energy …

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Yellen says Russian oil price cap could save African countries $6 billion annually

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 …

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U.S. hits debt ceiling as partisan standoff sparks economic worries

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 …

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Deputy U.N. chief pushes women’s rights during visit to Taliban heartland

KABUL (Reuters) – U.N. Deputy Secretary-General Amina Mohammed expressed alarm to Taliban officials in Kandahar over violations of women’s rights in Afghanistan, the United Nations said on Friday after she made a rare visit to the Taliban’s southern heartland. Mohammed finished a four-day visit to Afghanistan on Friday, also meeting Taliban officials in the capital …

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Biden has ‘no regrets’ about timing of classified documents disclosure

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 …

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