By Pete Schroeder (Reuters) – The U.S. Senate Banking Committee said on Tuesday it would hear from former top officials at the failed Silicon Valley Bank and Signature Bank, as well as top U.S. banking regulators at separate hearings later this month. Gregory Becker, the former CEO of Silicon Valley Bank, and Scott Shay and…
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve kicks off a two-day policy meeting on Tuesday that is likely to push the U.S. central bank’s benchmark overnight interest rate to its highest level in nearly 16 years, hitting a potential plateau that will test the economy in a way not seen since the onset…
(Reuters) – Censured Montana transgender Representative Zooey Zephyr on Tuesday lost a last-minute legal attempt to rejoin debate on the House floor, as a Montana judge rejected her attempt to overturn the legislature’s punishment that silenced her. Republicans controlling Montana’s House of Representatives on April 26 barred Zephyr, a Democrat, from the House floor, anteroom…
By Mohamed Noureldin KHARTOUM (Reuters) – Sudan’s warring military factions agreed to a new and longer seven-day ceasefire from Thursday, neighbour and mediator South Sudan said, even as more air strikes and shooting in the Khartoum capital region undercut their latest supposed truce. Previous ceasefire pledges have ranged from 24 to 72 hours but there…
By Andrea Shalal WASHINGTON (Reuters) -A top White House economist on Tuesday said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector, and warned Republicans against worsening the situation with their debt ceiling threats. Heather Boushey, a member of the White House Council of Economic Advisers,…
(Reuters) – Ukrainian President Volodymyr Zelenskiy told the Washington Post in an interview published on Tuesday that the White House did not inform him about a leak of secret U.S. documents that grabbed attention around the world last month. “I did not receive information from the White House or the Pentagon beforehand,” Zelenskiy was quoted…
(Reuters) – The Ukrainian general in charge of ground forces said his troops would not give up the eastern city of Bakhmut as they prepare to begin a counteroffensive against occupying Russian forces. FIGHTING/MILITARY * The United States plans to announce as soon as Wednesday a $300 million military aid package for Ukraine that will…
By Brendan Pierson (Reuters) – A lawyer for a Florida prosecutor on Tuesday urged a federal appeals court to reinstate his client after the state’s Republican governor, Ron DeSantis, indefinitely suspended him over his pledge not to prosecute people seeking or providing abortions. “This governor punishes dissenting voices,” David A. O’Neil, a lawyer for suspended…
BRUSSELS (Reuters) – NATO fighter jets scrambled on Sunday to track a Russian maritime patrol aircraft that violated air safety rules over the North Atlantic, the alliance said on Tuesday. “The (Russian) aircraft was not complying with international air safety rules and could pose a danger to other aircraft in the region,” NATO’s air command…
By Nandita Bose and David Shepardson WASHINGTON (Reuters) -The chief executives of Alphabet Inc’s Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top administration officials to discuss key artificial intelligence (AI) issues on Thursday, said a White House official. The invitation seen by Reuters to the CEOs noted President Joe…
