List of All Articles with Tag 'cs'

UBS Group AG will replace its chief financial officer as part of a broader overhaul of its top

Former FTX Chief Executive Officer Sam Bankman-Fried asked a judge to dismiss several criminal charges against him, arguing

Singapore’s sovereign wealth fund said it still sees more growth in the financial technology sector, even after a

Prominent interest-rate strategist Zoltan Pozsar, noted for correctly predicting a major upheaval in US repurchase agreement markets that

Former professional basketball star Shaquille O’Neal asked a federal court to block a summons served on him in

With the US government just weeks away from being legally unable to pay its bills for the first time, President Joe Biden and House Speaker Kevin McCarthy will meet at the White House on Tuesday. The meeting is an attempt to break what has become an economy-threatening logjam over Republican demands for Mr Biden to endorse rolling back large swaths of his legislative record. The Oval Office confab will be the first face-to-face sit-down between the two men since 1 February, when Mr Biden and the House Speaker met for what the White House described as a “frank and straightforward dialogue”. This time, the president and speaker will be joined by House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell. After their last meeting, Mr McCarthy told reporters outside the West Wing that the meeting with Mr Biden that the meeting left him hopeful that he and the president could “find common ground”. It was the first meeting the California Republican had with the president since he won the speaker’s gavel after a week-long marathon of 15 separate ballots. Mr McCarthy also said he’d told Mr Biden that he wanted to hammer out an agreement that would see the GOP-controlled House vote to raise the US statutory debt limit “long before” the June deadline laid out by Treasury Secretary Janet Yellen. Ms Yellen notably warned in January that the Treasury had begun taking “extraordinary measures” to avoid defaulting on the nation’s sovereign debt. Since that February meeting, the White House and the House of Representatives have remained far apart on what is needed before legislation allowing the US to resume issuing new debt instruments can reach Mr Biden’s desk for his signature. For his part, the president’s view has remained consistent since the beginning of the year. Mr Biden has repeatedly said that Congress should pass a “clean” debt ceiling increase and negotiate on spending cuts desired for next fiscal year when Congress begins work on a budget. Mr McCarty, who only gained the Speaker’s gavel after promising far-right members of the House Republican Conference that he’d weaponise the debt limit to extract massive cuts to programs favoured by Democrats, is insisting that he and House Republicans have provided a solution to the problem with what the House calls the “Limit, Save and Grow Act”. That legislation, which passed the House with a bare majority of GOP votes last month, would provide just a year’s worth of relief coupled with spending provisions that slash non-defence spending by as much as 20 per cent. Among the programmes on the chopping block: President Joe Biden’s student debt relief initiative, as well as funding for new IRS personnel. The plan would also add new work requirements for adults on Medicaid, cap the growth of the federal government, and impose 2022 limits on discretionary spending. The White House said in response to the bill’s passage that Republicans were attempting to “strip away health care services for veterans, cut access to Meals on Wheels, eliminate health care coverage for millions of Americans and ship manufacturing jobs overseas”. While the House-passed bill is unlikely to go anywhere in the Democratic-controlled Senate, thus far Mr McConnell and Senate Republicans have backed up Mr McCarthy’s demand for Mr Biden to sign off on GOP-endorsed austerity measures in exchange for Republican votes to allow the US to continue paying its’ debts. Prominent GOP figures frequently claim that raising the statutory debt limit to enable the US to continue meeting financial obligations — a practice that was once routine under presidents of both parties and met no objections when it was done under Mr Biden’s predecessor — is akin to authorising new spending. That claim, however, is not how the debt limit works. Raising the debt limit does not increase or decrease the amount of money that is spent on programmes that have already been authorised by Congress and have had funds allocated to them in appropriations legislation. Experts say a failure to raise the debt limit would force the government to default on its debt and precipitate a worldwide financial crisis. The last time the US flirted with that disastrous outcome was 2011, when Republicans controlled the House and Democrats controlled the Senate and the White House. Mr Biden, then the vice president under Barack Obama, led the negotiations with congressional leaders that headed off a default, but not before the US had its credit rating decreased for the first time in history. That 2011 dispute ended with Republicans suffering a drop in their approval ratings and facing accusations of endangering the US economy for political reasons. It also came along with an unprecedented downgrade in America’s credit rating. Those same charges are being raised again now by the White House and the president’s allies in Congress, who are holding firm on Mr Biden’s call for a clean debt limit boost. With both sides as far apart as they were three months ago, it’s unclear whether the White House expects Tuesday’s congressional confab to end with any positive progress on ending the impasse and preventing a default. One clue as to what Mr Biden’s advisers may be thinking can be found in the president’s travel schedule. The White House has said Mr Biden will travel to New York on Wednesday for what it describes as remarks on “why Congress must avoid default immediately and without conditions, and how the House Republican Default on America Act will cut veterans’ health care visits, teachers and school support staffs, and Meals on Wheels for seniors”. White House aides have also refused to describe the Tuesday meeting as a negotiating session. At Monday’s daily press briefing, White House Press Secretary reiterated the president’s position opposing any negotiations and demanding a clean debt ceiling increase. “There shouldn't be negotiations on the debt on the debt limit. This is something that they should get to regular order and get to work on. We should not have our House Republicans manufacturing a crisis on something that has been done 78 times since 1960. This is their constitutional duty, Congress must act. That's what the President is going to make very clear with with the leaders tomorrow,” she said.

Sea Ltd.’s billionaire founder declared a 5% pay increase for most employees starting July, sending a strong signal

The oldest cryptocurrency blockchain is being clogged up by a recent spate of Bitcoin-based memecoins such as Pepe,

Colombian rebel leader Pablo Beltran said on Tuesday that peace talks between his National Liberation Army and the government have been put “on pause” due to remarks made last week by President Gustavo Petro. Petro questioned whether members of the rebel group's delegation in Cuba could effectively control the actions of their own commanders on the battlefield. He also said the younger leaders of the group, known as the ELN, were motivated not by political goals, but by drug trafficking profits. In an interview published on Youtube by the ELN’s communication team, Beltran said that delegations from both sides would have to meet to “examine” the comments by Colombia's president before issues like a ceasefire and rural development schemes can continue to be discussed. The negotiations began in November and have failed to produce any major breakthroughs so far. The ELN was recognized as “an armed rebel group” by Colombia’s government during the last round of talks which took place in Mexico, a designation that enables it to seek policy changes in peace talks instead of just negotiating reduced sentences for their crimes. Beltran argued that Petro’s recent comments are putting its status as a “political organization” in jeopardy. “If they are saying one thing in the negotiations, while the president says another we feel like we are stuck in the middle,” Beltran said. “So we are asking for an explanation.” During a speech to military officers on Friday, Petro described members of the ELN’s peace delegation as “elderly” leaders who were interested in discussing political changes. But he questioned whether younger ELN commanders who lead troops on the ground have the same kind of goals. “They may use the same banners,” Petro said. “But what motivates them is (profiting from) illicit economies.” Petro added that elderly leaders like Beltran were “willing to sit down and talk. But are they really in charge?” The ELN was founded in the 1960s by union leaders, students and priests inspired by the Cuban revolution. It is Colombia’s largest remaining rebel group and has been notoriously difficult for previous Colombian governments to negotiate with. In 2016, Colombia’s government signed a peace deal with the larger FARC group that ended five decades of conflict in which an estimated 260,000 people were killed. But violence has continued to affect rural pockets of the country where the ELN has been fighting the Gulf Clan and FARC holdout groups for the control of drug trafficking routes and other resources. Petro promised during his presidential campaign that he would seek peace deals with all of Colombia’s major armed groups by rolling out a strategy he described as “total peace.” But the Gulf Clan recently gave up on the peace talks, while negotiations with FARC holdout groups are still in preliminary stages. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide

Once seen as ascending toward a presidential campaign with momentum in his favor, Florida Gov. Ron DeSantis finds himself on the cusp of an announcement that many of his supporters wished was already behind him.

Multiple explosions were heard in Kyiv early Tuesday, marking the eighth Russian attack on the capital this month.

A former aide to Rudolph Giuliani says he told her the ex-New York City mayor and then-president Donald Trump were offering to sell presidential pardons for $2 million apiece, according to court documents. The bombshell allegation was levied in a complaint filed against Mr Giuliani by Noelle Dunphy, a New York-based public relations professional who is suing him for “unlawful abuses of power, wide-ranging sexual assault and harassment, wage theft, and other misconduct” committed while she worked for him in 2019 and 2020. Mr Giuliani has strongly denied the claims in the lawsuit. Earlier it it was reported that Mr Trump was shown tweets from Democrats blasting CNN for hosting the town hall with him to psyche him up during the live broadcast. During the initial commercial break, Trump adviser Jason Miller showed the former president recent tweets backstage at the New Hampshire college where the event was hosted, according to Axios. Mr Trump grew more bellicose as the night went on after being shown posts by several people slamming CNN, including New York progressive Representative Alexandria Ocasio-Cortez. Ms Ocasio-Cortez tweeted 23 minutes into the event: “CNN should be ashamed of themselves. They have lost total control of this ‘town hall’ to again be manipulated into platforming election disinformation, defenses of Jan 6th, and a public attack on a sexual abuse victim.” “The audience is cheering him on and laughing at the host,” she added. Meanwhile, Mr Trump posted an oddly phrased Mother’s Day message attacking the parents of his main foes on Sunday, as he rushed to stick it to the “Radical Left Fascists”. Read More Trump news – live: Aides showed Trump tweets by AOC and Andrew Yang to psyche him up during break in town hall Jason Sudeikis reveals his Ted Lasso character was changed because of Donald Trump Prosecutor ends probe of FBI's Trump-Russia investigation with harsh criticism, but no new charges One of far-right Rep Paul Gosar’s top aides pledged his loyalty to white supremacist Nick Fuentes, report finds Rick Perry teases possible 2024 run against Trump