By Kanishka Singh WASHINGTON (Reuters) – The United States and China agreed to consider expanding commercial flights between the two countries to improve people-to-people contact, the top U.S. diplomat for East Asia, Daniel Kritenbrink, said on Wednesday. He told a Center for Strategic and International Studies think tank event in Washington that the countries agreed…
WASHINGTON (Reuters) – The U.S. public debt burden will reach 181% of economic output in 2053, the Congressional Budget Office said on Wednesday, a slight improvement over recent long-term projections due to discretionary spending caps enacted as part of the recent deal to raise the federal debt ceiling. The nonpartisan CBO said that U.S. budget…
ZURICH (Reuters) -Swiss inflation is proving broader-based and more persistent than initially thought, Swiss National Bank Governing Board member Andrea Maechler said on Wednesday, reiterating the central bank’s commitment to fighting price rises. Inflation had originally been triggered by oil price rises, supply chain disruptions and tight labour markets after the COVID pandemic, but had…
By Brendan Pierson (Reuters) -New York’s attorney general on Wednesday accused nursing home operator Centers Health Care and its owners of stealing $83 million in government funds while understaffing its facilities, resulting in widespread neglect, illness and death among residents. In a lawsuit filed in state court in Manhattan, Attorney General Letitia James sought to…
By Jody Godoy (Reuters) – A months-long battle between retail investors and AMC Entertainment Holdings over a stock conversion plan will come to a head on Thursday at an unusual two-day court hearing in Delaware that may be critical to the cinema chain’s survival. A judge on the Court of Chancery will consider approving a…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT). Under the “stress test” exercise, the Fed tests big banks’ balance sheets against a hypothetical severe economic downturn, the elements of which change annually. The results…
By Sarah N. Lynch WASHINGTON (Reuters) -The U.S. Justice Department on Wednesday announced federal and local criminal charges targeting 78 defendants across 16 states as part of a law enforcement action involving $2.5 billion in alleged healthcare fraud schemes targeting elderly and disabled people, HIV patients and even pregnant women. The cases range from allegations…
(Adds word entertainment in paragraph 15 to make clear the reference is to entertainment clients, not all clients) By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Before Hollywood writers walked off the job in early May, Pam Elyea’s prop house History for Hire filled an average of 53 requests per week for everything from…
WASHINGTON (Reuters) – In a new verbal slip-up, U.S. President Joe Biden said on Wednesday that Russian President Vladimir Putin was “losing the war in Iraq” when he meant to say Ukraine. Speaking to reporters briefly before departing the White House on a trip to Chicago, Biden was asked if Putin had been weakened by…
(Reuters) – Four times Olympic gold medallist Simone Biles will return to competition in early August at the U.S. Classic in Chicago, USA Gymnastics said on Wednesday, in what will be her first event since the Tokyo Games in 2021. The 26-year-old will take part in the single-day event on Aug. 5 having been out…
