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Investment bank clients are peppering Wall Street with questions about what happens if the US Treasury in coming

Texas Senator Ted Cruz found himself denounced by the daughter of late civil rights champion Dr Martin Luther King Jr on Sunday after he attempted to invoke Dr King’s legacy in order to attack the modern incarnation of the anti-racism movement. Mr Cruz used Dr King’s name in his own tweet attacking the NAACP, one of America’s oldest and best known anti-racist institutions. The Texas Republican took issue with the organisation after it issued a “travel advisory” warning about Florida’s far-right turn under Governor Ron DeSantis, in particular efforts to ban what he calls “woke” lessons in schools which most experts on the issue say is really about erasing teachings about the struggle for civil rights and racial equality in America. The advisory came as a result of a unanimous vote by the NAACP’s board. "Florida is openly hostile toward African Americans, people of color and LGBTQ+ individuals. Before traveling to Florida, please understand that the state of Florida devalues and marginalizes the contributions of, and the challenges faced by African Americans and other communities of color," the advisory states. Mr Cruz responded on Twitter to a conservative publication’s writeup of the issue and wrote angrily: “This is bizarre. And utterly dishonest. In the 1950s & 1960s, the NAACP did extraordinary good helping lead the civil rights movement. Today, Dr. King would be ashamed of how profoundly they’ve lost their way.” But Dr King’s daughter, author and activist Bernice King, retorted that her father would be strongly opposed to conservative efforts to whitewash American history as well as the campaign against LGBT+ Americans currently consuming the far-right. “What my father would be deeply concerned about is the harmful, discriminatory legislation in Florida,” she wrote. She wasn’t the only person to take issue with the senator’s tweet. A Democratic former member of New York’s congressional delegation, Mondaire Jones, was less subtle in his response as he opined that Mr Cruz would have fought desegregation efforts in the 50s and 60s. “We know exactly which side you would’ve been on in the 1950s and 60s, Ted,” wrote the congressman-turned-CNN-contributor. The NAACP’s president, Derrick Johnson, further explained the organisation’s decision in a statement. "Under the leadership of Governor DeSantis, the state of Florida has become hostile to Black Americans and in direct conflict with the democratic ideals that our union was founded upon. He should know that democracy will prevail because its defenders are prepared to stand up and fight. We're not backing down, and we encourage our allies to join us in the battle for the soul of our nation,” said Mr Johnson. Mr DeSantis’ team, meanwhile, issued a response calling the advisory a “stunt” for attention. Read More Back in hoodies and gym shorts, Fetterman tackles Senate life after depression treatment DeSantis super PAC tackles tricky task of organizing support for him in Iowa without the candidate Ted Cruz wants Congress to investigate Bud Light for working with Dylan Mulvaney Wounded man who invaded Senate with knife sentenced to prison for Capitol riot Kentucky Republicans pick nominee to challenge Democratic Gov. Beshear With Feinstein back in Senate, 3 of Biden's judicial nominees move forward

The most expensive ice cream in the world features gold leaf, rare white truffles, and cheese.

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) said on Monday it had fined LATAM Airlines Group SA

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

The American Civil Liberties Union sued Florida over a law championed by Governor Ron DeSantis that bars most

Tegna Inc. on Monday terminated its proposed acquisition by hedge fund Standard General LP, delivering the final blow

President Joe Biden moved to lock in his first Democratic majority at the Federal Communications Commission, naming veteran

Zoom Video Communications Inc. raised its full-year sales forecast in a positive sign for the software maker’s effort

Investors have jacked up sharply the premium they demand to hold US paper that’s most at risk of

Junior doctors in England will stage another 72-hour walkout over pay, as they warn of a summer of

Inter Miami head coach Phil Neville lashes out at reporter after 3-1 defeat to rivals Orlando City