By Valerie Volcovici, Timothy Gardner and Jeff Mason WASHINGTON (Reuters) -The White House will support Senator Joe Manchin’s bill introduced on Tuesday to speed energy project permits, because it would help clean power companies use vast incentives in President Joe Biden’s climate law, adviser John Podesta said. Despite recent calls by Manchin, a conservative West…
By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -President Joe Biden will not negotiate over the debt ceiling during his meeting with four top congressional leaders on May 9, but he will discuss starting “a separate budget process” to talk about spending priorities, the White House said on Tuesday. Biden on Monday summoned the four…
By Howard Schneider WASHINGTON (Reuters) – A continued drop in job openings and a dip in the rate at which workers are quitting have kept alive, for now, a key Federal Reserve narrative that the economy can slow without a major crack in employment. New data for March showed the ratio of job openings to…
KAMPALA (Reuters) -Uganda’s parliament on Tuesday passed one of the world’s strictest anti-LGBTQ bills mostly unchanged, including provision for long jail terms and the death penalty, after the president requested some parts of the original legislation be toned down. The new bill retains most of the harshest measures of the legislation adopted in March, which…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell for a third straight month in March and layoffs increased to the highest level in more than two years, suggesting some softening in the labor market that could aid the Federal Reserve’s fight against inflation. Still, the labor market remains tight, with the monthly Job…
By Natalie Thomas and JEEVAN RAVINDRAN LONDON (Reuters) – Margaret Tyler’s fascination with the British royal family began as a child, when she would cut out photos of the now-King Charles III and his sister, Princess Anne. The 79-year-old, just four years older than the British monarch, is among the royal super fans who cannot…
By Howard Schneider FARIBAULT, Minnesota (Reuters) – Demand for Daikin Applied Americas Inc’s climate control equipment is soaring, and worker recruitment is in hyperdrive, with hiring trips to women’s shelters and immigrant support groups and an open door for applicants with no high school degree or manufacturing experience. For Minnesota’s healthcare industry, an estimated 5,000…
By Jonathan Allen and Brendan O’Brien (Reuters) -Former Minneapolis police officer Tou Thao was found guilty of aiding and abetting in the 2020 killing of George Floyd, a Black man who died after his neck was pinned to the ground by another officer’s knee during a botched arrest. The verdict against Thao, who held back…
By Andy Sullivan and Jacqueline Thomsen WASHINGTON (Reuters) – The divided U.S. Congress is running out of time to raise the federal government’s $31.4 trillion debt ceiling, with the Treasury Department warning it could be unable to pay its bills as soon as June 1. If Congress fails to act, some legal experts say Democratic…
By Andrea Shalal and Pete Schroeder WASHINGTON (Reuters) – JPMorgan Chase & Co’s deal to buy First Republic Bank pushed the Biden administration into a corner, leaving officials scrambling to explain how their stance against mergers squared with allowing the largest U.S. bank to get even bigger. At a White House event on small business…
