List of All Articles with Tag 'ca'

President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis

By Catarina Demony and Luis Ferreira SILVES, Portugal (Reuters) -Portuguese police will on Tuesday search a reservoir inland from where

Asian equity futures showed small gains while contracts for US benchmarks inched higher as investors awaited word from

E. Jean Carroll has asked a judge to amend her initial defamation case against former President Donald Trump to seek additional punitive damages after he repeated his statements at a CNN town hall.

NEW YORK The writer E. Jean Carroll on Monday sought to amend the first of two defamation lawsuits

Police investigating the disappearance of British toddler Madeleine McCann will carry out a new search in Portugal based on a recent tip, German authorities told CNN on Monday.

The Shohei Ohtani trade market could be the wildest MLB has ever seen, but another pundit has linked him to a surprise landing spot.The writing has seemed to be on the wall that, if the Los Angeles Angels drop out of contention this season, that a Shohei Ohtani trade could be on the table. If th...

"It's the most amateur, bush league-looking bullsh-t I have seen in a long time when it comes to the NFL."

President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.

MLB Rumors: More details on Madison Bumgarner's release from the DiamondbacksMadison Bumgarner was let go in May after a series of tough starts with the Arizona Diamondbacks. Despite his name brand and price tag, Bumgarner was doing more harm than good in the D'Backs rotation.Bumgarn...

Manchester United join the race to sign Declan Rice

The Federal Aviation Administration (FAA) bars the use of all transmitting devices in the off chance that transmissions could interfere with a plane’s navigation and communications equipment and cause system malfunctions.