List of All Articles with Tag 'us'

Federal Reserve Bank of Chicago President Austan Goolsbee expressed optimism that there’s bipartisan support for a tentative deal

House Speaker Hakeem Jeffries sounded confident that Congress would vote to avert a default on the US’s obligations on Sunday, hours after news broke that the White House had reached a deal with Republican leadership to raise the debt ceiling. The “agreement in principle” was announced Saturday evening after much of the House of Representatives and Senate had left for the Memorial Day weekend. A handful remained in Washington to continue negotiations ahead of the deadline; the US Treasure Department estimates that the federal government’s ability to pay its debts will be in question come 1 June — this Thursday. Mr Jeffries spoke on CBS’s Face the Nation on Sunday. While he cautioned that he had not seen the actual text of the bill, which is reportedly set to cap funding for the US government (except for the military) through 2024, he offered a simple “yes” when asked directly if he could guarantee that the US would avert default. It’s a statement that will likely mean a sigh of relief for those Americans worried about the effects that a credit downgrade would have on the US economy, though that remains a possibility thanks to the toxic partisanship that brought the US to this point in the first place, but also one that may frustrate progressives and other Democrats who may see the development as Democrats giving in to the GOP’s demands. The deal does stave off further debt ceiling negotiations until 2025, but many on the left simply wish to do away with the limit altogether. And there’s already signs that many on the conservative right do not like the deal, with some even calling any legislation that raises the debt limit a non-starter. Their opposition within the GOP’s slim House majority necessitates votes from Democrats to pass this deal or any other. More follows...

Defenseman Kristian Rubins scored his second goal 1:22 into overtime to lead Latvia to a 4-3 victory over the United States and earn a bronze medal at the ice hockey world championship

Chicago Federal Reserve Bank President Austan Goolsbee said on Sunday he won't 'prejudge' whether he would support an

Venetian authorities are investigating after a patch of fluorescent green water appeared in the famed Grand Canal on Sunday morning.

Formula One champion Max Verstappen’s lights-to-flag victory win at the Monaco Grand gave the Red Bull driver his fourth victory of the season and extended his championship lead

Theories abound as to why the waters below the Rialto Bridge in the Grand Canal turned bright green.

It's time to fasten your seatbelts.

Dutch police arrested over 1,500 people after Extinction Rebellion protesters blocked a motorway in The Hague on Saturday.

Firms and individuals should familiarize themselves with artificial intelligence or risk losing out, according to Nvidia Corp. co-founder

New Hampshire Gov. Chris Sununu will decide "in the next week or two" if he wants to mount a bid for the 2024 Republican presidential nomination.

New Hampshire Governor Chris Sununu, a persistent critic of former President Donald Trump, said he plans to decide