By Howard Schneider WASHINGTON (Reuters) -Further Federal Reserve rate increases are “a pretty good guess” of where the central bank is heading if the economy continues in its current direction, Fed Chair Jerome Powell said in remarks on Wednesday to lawmakers on Capitol Hill. In response to a question late in a three-hour hearing before…
By David Shepardson WASHINGTON (Reuters) – A U.S. Senate panel on Wednesday invited PGA Tour Commissioner Jay Monahan, Saudi Arabia’s Public Investment Fund Governor Yasir Al-Rumayyan and LIV Golf CEO Greg Norman to testify at a July 11 hearing. Democratic U.S. Senator Richard Blumenthal, who chairs the Permanent Subcommittee on Investigations, and the panel’s top…
By Andrew Goudsward (Reuters) – Vice President Kamala Harris broke a deadlock in the U.S. Senate on Wednesday to secure confirmation for a civil rights lawyer nominated to be a federal judge in New York. Natasha Merle, who works on litigation for the NAACP Legal Defense and Educational Fund, was confirmed to the U.S. District…
By Michael S. Derby (Reuters) – Two Federal Reserve officials and a labor economist who aspires to join their ranks told U.S. senators on Wednesday that they will set policy based on data and the central bank’s official mandates, pushing back against some Republicans who suggested they might put personal politics first. When setting policy…
By Aram Roston and Joseph Tanfani BOCA RATON, Florida (Reuters) – Ukrainian-American businessman Lev Parnas and his business partner were arrested in 2019, accused by the U.S. government of funneling a Russian oligarch’s money into American political campaigns. One recipient of Parnas’ donations — Florida Governor Ron DeSantis — has said he was barely an…
By Aram Roston and Joseph Tanfani (Reuters) – After Ron DeSantis, an avid golfer, moved into the Florida governor’s mansion in 2019, workers installed a golf simulator worth tens of thousands of dollars in the private pool cabana so he could practice his game. But DeSantis did not pay for the simulator. Neither did the…
By Yimou Lee TAIPEI (Reuters) – Taiwan’s government says China will try to interfere in key elections in January by illicitly funding Beijing-friendly candidates using communications apps or group tours, according to three internal security reports reviewed by Reuters. President Tsai Ing-wen’s government has repeatedly warned of China’s attempts to influence public opinion on the…
By Susan Heavey, Sarah N. Lynch and Jacqueline Thomsen WASHINGTON (Reuters) – U.S. District Judge Aileen Cannon has set an initial trial date of Aug. 14 in Florida on former President Donald Trump’s federal charges of willful retention of classified government records and obstruction of justice, according to a court order on Tuesday. The Justice…
By Karen Freifeld (Reuters) – Donald Trump’s bid to oust the judge overseeing the criminal case against him over a hush-money payment to a porn star should be rejected, the Manhattan District Attorney’s office said in a filing on Tuesday. Trump has a “history of baselessly accusing state and federal judges around the country of…
BRASILIA (Reuters) -Brazil’s Senate Economic Affairs Committee has granted the opposition a 24-hour delay on a vote on new fiscal rules considered crucial by the government of President Luiz Inacio Lula da Silva. The new fiscal framework, mentioned by S&P in its outlook improvement for Brazil, is seen a key tool for the government to…
