WASHINGTON (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government’s $31.4 trillion debt ceiling, ending a months-long stalemate. Here are some quotes from the announcement and reactions to the news: DEMOCRATIC PRESIDENT JOE BIDEN “Earlier this evening, Speaker McCarthy and I reached…
By David Lawder DETROIT (Reuters) – The United States “won’t tolerate” China’s effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such “economic coercion,” U.S. Commerce Secretary Gina Raimondo said on Saturday. Raimondo told a news conference after a meeting of trade ministers in the U.S.-led Indo-Pacific…
By David Lawder DETROIT (Reuters) – Trade ministers of 14 countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) talks “substantially completed” a deal to make supply chains more resilient and secure, the Commerce Department said on Saturday, marking the first tangible results of the year-long negotiations. U.S. Commerce Secretary Gina Raimondo told a press conference…
(Reuters) – A deal reached to raise the U.S. federal government’s $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024, a source familiar with the negotiations said on Saturday, There are no budget caps after 2025 in the U.S. debt deal, the source added. (Reporting by Steve Holland; Editing…
(This May 26 story has been corrected to remove the incorrect reference to Fargo as the state capital, in paragraph 2) By Nathan Layne (Reuters) – North Dakota Governor Doug Burgum is planning to enter the 2024 presidential race, joining a growing field of candidates hoping to topple Donald Trump and secure the Republican nomination,…
By Steve Holland, Moira Warburton and Rami Ayyub WASHINGTON (Reuters) -Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government’s $31.4 trillion debt ceiling after the Treasury Department warned that a June 5 default loomed without action. The two sides have been negotiating…
(Reuters) – Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition encompasses Liberty’s retail business in Brazil, Chile, Colombia and Ecuador,” Talanx said, adding that the transaction is expected to close in the first half of 2024. ($1…
By Guy Faulconbridge MOSCOW (Reuters) – Russia on Saturday dismissed criticism from U.S. President Joe Biden over Moscow’s plan to deploy tactical nuclear weapons in Belarus, saying Washington had for decades deployed just such nuclear weapons in Europe. Russia said on Thursday it was pushing ahead with the first deployment of such weapons outside its…
(Reuters) – Tehran on Saturday accused Ukrainian President Volodymyr Zelenskiy of anti-Iranian propaganda in his call for Iran to halt the supply of drones to Russia, saying his comments were designed to attract more arms and financial aid from the West. Zelenskiy in a video address on Wednesday called on Iranians to stop their slide…
By Jorge Garcia LOS ANGELES (Reuters) – Unions representing teachers, truck drivers and other workers who will be headed soon to the bargaining table turned out in downtown Los Angeles on Friday to support Hollywood’s striking film and television writers. The Writers Guild of America (WGA) began a work stoppage on May 2 after failing…
