By David Morgan and Richard Cowan WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government’s $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The bill isn’t expected to pass the Senate, and President Joe Biden would veto it if it did…
By Tom Balmforth (Reuters) – The anti-tank ditches near Ukraine’s occupied southeastern town of Polohy stretch for 30 km (19 miles). Behind are rows of concrete “dragon’s teeth” barricades. Further back are defensive trenches where Russia’s troops will be positioned. The defences visible in satellite imagery taken by Capella Space are part of a vast…
By Trevor Hunnicutt, Steve Holland and David Brunnstrom WASHINGTON (Reuters) -The United States on Wednesday pledged to give South Korea more insight into its nuclear planning over any conflict with North Korea amid anxiety over Pyongyang’s growing arsenal of missiles and bombs. The announcement, which included a renewed pledge by Seoul not to pursue a…
By Josh Smith and Ju-min Park SEOUL (Reuters) – For the first time since the 1980s a U.S. Navy nuclear-armed ballistic missile submarine (SSBN) will visit South Korea to help demonstrate Washington’s resolve to protect the country from a North Korean attack. The visit was announced in a joint declaration during a summit between South…
By Hannah Lang and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) – Of all the facts that have emerged about last month’s two U.S. bank busts – the unanswered warning letters from regulators, the ignored interest-rate risk, the outsized levels of uninsured deposits – one data point in particular continues to stir deep-seated unease among finance officials:…
The failures of two large regional U.S. banks in mid-March blew a $22 billion hole in the nation’s deposit insurance fund and shook confidence in the global financial system. On Friday the banks’ regulators – the Federal Reserve and the Federal Deposit Insurance Corporation – will publish their accounts of what happened at both institutions,…
By Jeff Mason WASHINGTON (Reuters) – It turns out South Korean President Yoon Suk Yeol can sing. At the end of a festive dinner at the White House on Wednesday, President Joe Biden, first lady Jill Biden, President Yoon and his wife, Kim Keon Hee, moved from the East Room to the State Dining Room…
By Tom Polansek CHICAGO (Reuters) – Tyson Foods Inc will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday. The layoffs are the latest cost-cutting move for the biggest U.S. meat company by sales as it grapples with declining profit and struggles to improve…
By Hyunjoo Jin and Dan Levine (Reuters) -A California judge on Wednesday ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding the safety and capabilities of the carmaker’s Autopilot features. The ruling, first reported by Reuters, came in a lawsuit filed by the family of Walter Huang…
By Tim Kelly TOKYO (Reuters) – Virginia Governor Glenn Youngkin did not rule out a run for president in 2024, saying on Thursday that he was “humbled” by the question of whether he would seek the Republican nomination. “I am humbled by your question to think that you would ask it of me when 40…
