WASHINGTON (Reuters) – The debt ceiling deal that U.S. President Joe Biden and House Republican Kevin McCarthy agreed over the weekend adds new conditions to food aid that will impact one segment of the U.S. population specifically – GenXers with no dependents. The deal targets recipients of the Supplementary Nutrition Program, or SNAP, between the…
By Moira Warburton, Diane Bartz and Idrees Ali WASHINGTON (Reuters) -U.S. President Joe Biden said on Sunday he had finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025 and that the deal was ready to move to Congress for a vote. “This is a…
WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy on Sunday said he expects a debt ceiling deal he struck with the White House to attract support from a majority of House Republicans. McCarthy told Fox News that more than 95% of House Republicans were very excited about the agreement and that it included pay-go restrictions…
WASHINGTON (Reuters) – The budget deal struck by President Joe Biden and House Speaker Kevin McCarthy to end a debt-limit crisis should not change the short-term abilities of tax collectors, according to White House officials. The deal would shift $10 billion each in fiscal years 2024 and 2025 in funding away the Internal Revenue Service,…
WASHINGTON (Reuters) – The budget deal struck by President Joe Biden and House Speaker Kevin McCarthy to end a debt-limit crisis should not change the short-term abilities of tax collectors, according to White House officials. The deal would shift $10 billion each in fiscal years 2024 and 2025 in funding away the Internal Revenue Service,…
SEOUL (Reuters) – North Korea’s ruling party will hold a key meeting in early June to review the country’s economic plans, state media KCNA reported on Monday. The meeting will review the implementation of the country’s national economic plans in the first half of 2023 and discuss “policy issues of weighty significance” in the development…
By Belén Carreño and Jessica Jones MADRID (Reuters) – Spain’s ruling Socialists suffered heavy losses to opposition conservatives in Sunday’s local election, with around 95% of the votes counted, showing their electoral vulnerability ahead of an end-of-year general election. Only three of the 12 regions holding elections will retain Socialist dominance by very narrow margins,…
BEIJING (Reuters) -Profits at China’s industrial firms slumped in the first four months of 2023, official data showed on Saturday, as companies continued to struggle with margin pressures and soft demand amid a faltering economic recovery. Profits fell 20.6% in January-April from a year earlier, compared with a 21.4% decline in the first three months,…
(Reuters) -U.S. Senator Lindsey Graham disputed Russian criticism of his support for Ukraine on Sunday, saying he had simply praised the spirit of Ukrainians in resisting a Russian invasion with assistance provided by Washington. Graham, shown in a video clip of his meeting with Ukrainian President Volodymyr Zelenskiy in Kyiv on Friday, acknowledged his host’s…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Optimism and relief are likely to be the dominant emotions for investors on Monday, giving markets in Asia a lift as lawmakers in Washington reached a tentative agreement on the U.S. debt ceiling, thus removing the risk of…
