VP Kamala Harris unveils proposed rule change to cut US childcare costs

WASHINGTON (Reuters) -U.S. Vice President Kamala Harris on Tuesday announced new steps to lower the cost of childcare for American families with a proposal that would cap co-payments under a block grant program that serves 1.5 million children and their families each month. “This is a critical issue for almost every family in our country,”…

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Turkey’s Erdogan wishes Biden ‘best of luck’ in 2024 re-election bid

By Steve Holland VILNIUS (Reuters) – Fresh from handing Joe Biden a diplomatic victory by easing Sweden’s path into NATO, Turkish President Tayyip Erdogan wished the U.S. president good luck in his 2024 re-election campaign. “Now, you are getting prepared for the forthcoming elections,” Erdogan told Biden when the two met on the sidelines of…

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S&P Global’s top economist sees dollar dominance diminishing

LONDON (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday. Aggressive U.S. sanctions such as last year’s freezing of hundreds of billions of dollar’s worth of Russia’s reserves has seen a flurry of countries start to do some trade in currencies other…

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Factbox-NATO members final summit declaration on Ukraine

VILNIUS (Reuters) – The 31-member NATO alliance gathered in the Lithuanian capital Vilnius on July 11-12. Below is the agreed language regarding Ukraine and its future pathway to NATO membership. We reaffirm our unwavering solidarity with the government and people of Ukraine in the heroic defence of their nation, their land, and our shared values….

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IMF’s Georgieva expects global growth around 3% for next five years

WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around 3% annually for the next five years, well below historical averages of about 3.8%, which may pressure capital flows. Georgieva said in opening remarks at an IMF economics lecture that governments, particularly in emerging markets,…

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NATO allies agree language on Ukraine membership pathway to NATO – sources

VILNIUS (Reuters) – NATO leaders have reached agreement over how to define their future relationship with Ukraine, including its membership bid, four diplomats said on Tuesday. One of the diplomats said the final wording on the declaration regarding Ukraine’s future membership read that NATO “will be in a position to extend an invitation to join…

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US Treasury seeks large position reports on bill maturing around debt ceiling deadline

WASHINGTON (Reuters) – The U.S. Treasury Department on Tuesday said it was calling for Large Position Reports from entities holding more than $10.2 billion worth of a six-month Treasury bill maturing on June 8, around the department’s deadline for a potential default had Congress failed to raise the debt ceiling. The Treasury said it was…

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