By David Lawder DETROIT (Reuters) -The International Monetary Fund said on Friday U.S. interest rates will likely need to remain higher for longer to tame inflation, and Washington needs to tighten fiscal policy to bring down its federal debt. The IMF said in a statement issued after its “Article IV” review of U.S. policies that…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Citi said Wednesday it was abandoning earlier plans for a sale of…
By Gabriella Borter and Sharon Bernstein (Reuters) – State legislatures are wrestling with how much to restrict or expand abortion access after the U.S. Supreme Court overturned Roe v. Wade last year. Here is a snapshot of pending and passed legislation seeking to restrict or protect access in 2023. RESTRICTIONS FLORIDA: Florida Governor Ron DeSantis…
BRUSSELS (Reuters) – The European Union on Friday condemned an agreement between Russia and Belarus to allow the deployment of Russian nuclear warheads in Belarus. “This is a step which will lead to further extremely dangerous escalation,” EU foreign policy chief Josep Borrell said in a statement. Russia moved ahead on Thursday with its plan…
By Julia Harte (Reuters) – A South Carolina judge on Friday temporarily blocked the state’s new law that bans most abortions after about six weeks, ruling that it should be considered by the state Supreme Court before taking effect. State Circuit Judge Clifton Newman granted reproductive rights groups’ motion to block the legislation, which Republican…
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal to lift the debt ceiling that would trim some U.S. federal spending. While talks are fluid, the general contours of the deal have taken shape. Here’s what we know so far: A CAP ON DISCRETIONARY…
WASHINGTON (Reuters) – Treasury Secretary Janet Yellen spoke about the U.S. economy’s resilience in the face of global headwinds in a meeting Friday with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, according to a Treasury Department statement. Yellen and Georgieva also discussed recent banking sector stress, the outlook for the U.S. economy as well…
By Timothy Gardner and Jarrett Renshaw WASHINGTON (Reuters) -A bill to boost power transmission between U.S. regions is being considered as part of talks between White House and congressional Republicans to raise the debt ceiling, two sources with knowledge of the talks said. The measure from Senator John Hickenlooper and Representative Scott Peters, both Democrats,…
By Guy Faulconbridge MOSCOW (Reuters) -A senior ally of President Vladimir Putin said on Friday the conflict in Ukraine could last for decades and that negotiations with Ukraine were impossible as long as Ukraine’s Western-backed President Volodymyr Zelenskiy was in power. Russia’s 2022 invasion of Ukraine has triggered the deadliest European conflict since World War…
THE HAGUE (Reuters) – The Netherlands is “seriously considering” sending F-16 fighter jets to Ukraine but has not taken any final decision yet, Dutch Prime Minister Mark Rutte said on Friday. Earlier this week the Netherlands said it wanted to start training Ukrainian pilots in flying F-16’s as soon as possible. Asked if the Netherlands…
