By David Lawder WASHINGTON (Reuters) -The U.S. government will begin defaulting on its payment obligations between early June and early August without an increase in the federal debt limit, the Bipartisan Policy Center said on Tuesday, flagging pressure from a drop in tax revenue. The front end of the centrist think tank’s latest estimate for…
By Karen Freifeld and Jonathan Stempel (Reuters) – Donald Trump’s onetime lawyer and fixer Michael Cohen asked a court to throw out the former U.S. president’s $500 million lawsuit against him, calling it an “abusive act of pure retaliation and witness intimidation.” Cohen’s lawyers in a filing late Monday in Miami federal court said…
(Repeats for additional subscribers) LONDON (Reuters) – The European Commission has announced restrictions on the imports of Ukrainian wheat, maize, rapeseed and sunflower seed in Poland, Hungary, Romania, Slovakia and Bulgaria until June 5. The move led to Poland, Hungary, Slovakia and Bulgaria lifting unilateral import bans they had imposed citing the need to protect…
(Reuters) – Former Pakistan Prime Minister Imran Khan, a cricketing hero-turned-politician who was arrested on Tuesday, whipped up popular support amid decades-high inflation and a crippling economic slowdown before his ouster last year. The 70-year-old has since showed no sign of slowing down, even after being wounded in a November attack on his convoy as…
By Tom Hals WILMINGTON, Delaware (Reuters) – Walt Disney Co and Florida Governor Ron DeSantis have been embroiled in an increasingly bitter dispute, starting when the company criticized a Florida law last year, which has led to dueling lawsuits. THE DISNEY LAWSUIT AGAINST DESANTIS The entertainment giant sued the Republican governor on April 26 in…
By Patrick Wingrove and Michael Erman (Reuters) – Some of the world’s biggest drugmakers are laying legal groundwork to fight the U.S. plan to negotiate drug prices for its Medicare health coverage, including the argument that a ban against speaking about these talks violates constitutional rights, according to six industry sources. The Biden Administration’s signature…
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden is due to meet on Tuesday with the top Republicans and Democrats in Congress amid a months-long standoff over the government’s debt ceiling that has brought the nation close to the brink of default and economic crisis. WHAT IS THE DEBT CEILING? Washington regularly sets…
TOKYO (Reuters) – Japan and South Korea are set to agree early next month to link their radars via a U.S. system to share real-time information on North Korea’s ballistic missiles, a person with knowledge of the matter said on Tuesday. Defence ministers from Japan, South Korea and the United States plan to reach an…
(Reuters) -A senior Russian official accused the United States on Tuesday of exerting “pressure and threats” on Moscow over the case of detained Wall Street Journal reporter Evan Gershkovich, state-owned news agencies reported. TASS quoted Deputy Foreign Minister Sergei Ryabkov as saying Moscow would ignore such tactics. He did not say what form the alleged…
By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden meets Republican House Speaker Kevin McCarthy and other congressional leaders at the White House on Tuesday afternoon for closed-door talks as a potentially catastrophic June default looms. The 4 p.m. EDT (2000 GMT) meeting is not expected to produce anything close to…
