WASHINGTON (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government’s $31.4 trillion debt ceiling, ending a months-long stalemate. Here are some quotes from the announcement and reactions to the news: DEMOCRATIC PRESIDENT JOE BIDEN “Earlier this evening, Speaker McCarthy and I reached…
By Steve Holland and Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy on Saturday reached an agreement in principle to lift the debt ceiling that would trim some U.S. federal spending. While the bill is still being written, the general contours of the deal have been described by…
LONDON (Reuters) -Britain’s automated border control gates have returned to normal operation, the Home Office said on Saturday, after a nationwide system issue caused major delays. Images posted on social media earlier showed long queues of hundreds of people at London’s Heathrow and Gatwick airports, with frustrated passengers complaining of having to wait several hours…
By David Lawder DETROIT (Reuters) – The United States “won’t tolerate” China’s effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such “economic coercion,” U.S. Commerce Secretary Gina Raimondo said on Saturday. Raimondo told a news conference after a meeting of trade ministers in the U.S.-led Indo-Pacific…
By David Lawder DETROIT (Reuters) – The United States “won’t tolerate” China’s effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such “economic coercion,” U.S. Commerce Secretary Gina Raimondo said on Saturday. Raimondo told a news conference after a meeting of trade ministers in the U.S.-led Indo-Pacific…
By David Lawder DETROIT (Reuters) – Trade ministers of 14 countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) talks “substantially completed” a deal to make supply chains more resilient and secure, the Commerce Department said on Saturday, marking the first tangible results of the year-long negotiations. U.S. Commerce Secretary Gina Raimondo told a press conference…
(Reuters) – A deal reached to raise the U.S. federal government’s $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024, a source familiar with the negotiations said on Saturday, There are no budget caps after 2025 in the U.S. debt deal, the source added. (Reporting by Steve Holland; Editing…
KYIV (Reuters) -Russian troops have temporarily eased attacks in and around the besieged eastern Ukrainian city of Bakhmut to regroup and strengthen their capabilities, a senior Kyiv official said on Saturday. Separately, senior Ukrainian officials indicated their forces were ready to launch a long-promised counteroffensive to recapture territory taken by Russia since the start of…
By Khalid Abdelaziz and Nafisa Eltahir DUBAI/CAIRO (Reuters) -Khartoum was calmer on Saturday as a seven-day ceasefire appeared to reduce fighting between two rival military factions although it has not yet provided the promised humanitarian relief to millions trapped in the Sudanese capital. A truce signed on Monday by the two fighting parties – Sudan’s…
By Rami Amichay TEL AVIV (Reuters) – Amid a sea of hundreds, perhaps thousands of Israeli flags at an anti-government protest in Tel Aviv on Saturday, a plain white poster protruded with a handwritten message in black: “Democracy without compromise.” For five months now, tens of thousands of Israelis have taken to the street every…
