WASHINGTON (Reuters) – President Joe Biden expects to have the debt ceiling bill on his desk by June 5, before the U.S. runs out of money to pay its bills, White House spokesperson Karine Jean Pierre said on Wednesday. (Reporting By Trevor Hunnicutt and Jarrett Renshaw; Editing by Chris Reese)
By Jonathan Cable LONDON (Reuters) – The Bank of England will be far more aggressive in policy tightening than previously thought as it battles to contain stubbornly-high inflation running at the joint-highest rate among Group of Seven advanced economies, a Reuters poll found. Consumer prices rose 8.7% in annual terms last month, down from 10.1%…
By Anne Kauranen ROVAJARVI, Finland (Reuters) – NATO countries are in the middle of Arctic military manoeuvres, vowing on Tuesday to defend their newest member, Finland, which is hosting its first joint NATO exercise in the region since becoming the 31st member of the Western alliance in April. The addition of Finland doubles the length…
By Trevor Hunnicutt WASHINGTON (Reuters) – The White House on Wednesday announced the latest in a series of aid packages for Ukraine that includes up to $300 million worth of air defense systems, ammunition and other defense equipment. The security assistance package represents the 39th drawdown of equipment from the Department of Defense inventories, the…
By Hyonhee Shin and Chang-Ran Kim SEOUL/TOKYO (Reuters) – A North Korean satellite launch on Wednesday ended in failure, sending the booster and payload plunging into the sea, North Korean state media said, and the South’s military said it had recovered parts of the launch vehicle. The new “Chollima-1” satellite launch rocket failed because of…
By Tyler Clifford NEW YORK (Reuters) – Manhattan District Attorney Alvin Bragg on Tuesday moved to block former President Donald Trump’s attempt to persuade a federal court to take over a state criminal case in which he is charged with falsifying business records connected to a hush money payment allegedly made prior to the 2016…
By Guy Faulconbridge and Pavel Polityuk MOSCOW/KYIV (Reuters) – Ukrainian drones struck wealthy districts of Moscow on Tuesday, Russia said in what one politician called the most dangerous attack on the capital since World War Two, while Kyiv was also hit from the air for the third time in 24 hours. Since Russia sent tens…
(Adds dropped word in second paragraph to clarify Krebs was interviewed) WASHINGTON (Reuters) – A U.S. special counsel investigating former President Donald Trump and efforts to overturn his 2020 election loss are examining his firing of a cybersecurity official whose office said the vote was secure, the New York Times said on Wednesday. Special Counsel…
(Reuters) – Minnesota became the latest U.S. state to legalize marijuana for recreational use on Tuesday after its governor, Tim Walz, signed a law allowing the state’s residents over the age of 21 to legally possess cannabis for consumption. Apart from the 23 states, adult-use cannabis is also legal in the District of Columbia, Guam…
WASHINGTON (Reuters) – ESSA Bank & Trust has agreed to pay over $3 million to resolve allegations it engaged in lending discrimination by redlining majority-Black and Hispanic neighborhoods in and around Philadelphia, the Justice Department said on Wednesday. A complaint filed in federal court alleges the bank engaged in the discriminatory behavior from at least…
