By Patricia Zengerle, Idrees Ali and Michael Martina WASHINGTON (Reuters) -Three of U.S. President Joe Biden’s top aides warned on Tuesday that budget cuts would undermine the country’s ability to compete militarily, diplomatically and economically with China, a rare joint appearance in Congress underscoring Washington’s focus on competing with the Asian power. Secretary of State…
By Sarah N. Lynch WASHINGTON (Reuters) -Massachusetts U.S. Attorney Rachael Rollins will resign her post by Friday, her lawyer said on Tuesday, after the prosecutor became the subject of a wide-ranging ethics investigation by the Justice Department inspector general’s office. Rollins, the first Black woman to serve as the top federal prosecutor in Massachusetts, is…
By Diane Bartz, Zeba Siddiqui and Jeffrey Dastin WASHINGTON (Reuters) -The CEO of OpenAI, the startup behind ChatGPT, told a Senate panel on Tuesday the use of artificial intelligence to interfere with election integrity is a “significant area of concern”, adding that it needs regulation. “I am nervous about it,” CEO Sam Altman said about…
By Sarah N. Lynch, David Shepardson and Karen Freifeld WASHINGTON (Reuters) – The United States on Tuesday announced charges in five cases involving alleged efforts to steal technology to benefit China, Russia and Iran including a former Apple Inc engineer accused of targeting the company’s technology on autonomous systems, including self-driving cars, and then fleeing…
By Daina Beth Solomon and Jose Luis Gonzalez CIUDAD JUAREZ, Mexico (Reuters) – After hours of waiting on the U.S. side of the border and hoping the Texas National Guard would let them seek U.S. asylum, a group of 15 migrants crossed a shallow green river back to Mexico, their faces drawn in disappointment. After…
By Jonathan Stempel NEW YORK (Reuters) – Norfolk Southern Corp was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the railroad concealed safety risks prior to the February derailment in Ohio of a train carrying hazardous chemicals. The proposed class action filed in Manhattan federal court covers investors…
NEW YORK (Reuters) – A measure of the cost to insure exposure to U.S. government debt declined on Tuesday as Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer to a deal to avoid a debt default. Spreads on U.S. one-year credit default swaps, market-based gauges of the risk of a default,…
By Timothy Gardner (Reuters) -The Biden administration on Tuesday approved a permit to allow the Mountain Valley natural gas pipeline, a project a key Democratic senator has pushed in legislation to speed permitting of fossil fuel and renewable energy projects. The permit, issued by the U.S. Department of Agriculture’s Forest Service, allows the Equitrans Midstream…
By Chibuike Oguh, Niket Nishant and Chuck Mikolajczak (Reuters) -Shares of Capital One Financial Corp rose on Tuesday, rebounding from two weeks of losses after billionaire investor Warren Buffett’s Berkshire Hathaway Inc disclosed it had taken a stake of nearly $1 billion in the credit cards-focused bank. Berkshire acquired 9.92 million shares in Capital One,…
By Brendan O’Boyle and Carolina Pulice (Reuters) -The International Monetary Fund on Tuesday said it “strongly supports” Brazil’s efforts to improve the country’s fiscal position, while also commending the country’s “ambitious agenda” to have a sustainable, inclusive, and green economy. “Enhancing Brazil’s fiscal framework, broadening the tax base, and tackling spending rigidities would support sustainability…
