Debt ceiling: Still no plan to avoid a default, but major shifts in posture
After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.
1970-01-01 08:00
California’s Newsom Slams Congress for ‘Dumb’ Immigration Policy
California Governor Gavin Newsom slammed US House Speaker Kevin McCarthy for the country’s broken immigration system as tens
1970-01-01 08:00
Hedge Fund Trade With a History of Blowups Is Back Again
Hedge funds looking to profit from dislocations in the US Treasury market appear to be playing with the
1970-01-01 08:00
NFL's Washington Commanders agree to sell the team to group led by Josh Harris
Dan and Tanya Snyder agreed to sell the Washington Commanders franchise to a group led by Josh Harris on Friday, according to a statement from from the team and the investment group.
1970-01-01 08:00
Italy Survives Fitch Judgment in Boost for Meloni Before Moody’s
Italy retained a credit assessment two notches above junk from Fitch Ratings, a vote of confidence in the
1970-01-01 08:00
Dan Snyder Agrees to Sell Washington Commanders to Josh Harris-Led Group
Dan Snyder has agreed to sell the NFL’s Washington Commanders to a group led by Apollo Global Management
1970-01-01 08:00
US Urges Recall of 67 Million Air Bag Parts in Safety Mess
US regulators are urging a recall of 67 million air bag inflators they say could explode in a
1970-01-01 08:00
JPMorgan Fights Epstein Victim’s Bid for Class-Action Status
JPMorgan Chase & Co. urged a court to reject a request by victim of Jeffrey Epstein to let
1970-01-01 08:00
McDonald's found liable after child suffers burns from 'hot' chicken nuggets, Florida jury finds
A South Florida jury returned a split verdict in a civil lawsuit filed against McDonald's and one of its franchisees that alleged "dangerously hot" chicken nuggets from a Happy Meal burned a toddler, according to CNN affiliate WPLG.
1970-01-01 08:00
Fed’s Jefferson Says Inflation High, But Policy ‘On Track’
Federal Reserve Governor Philip Jefferson said progress on inflation this year has been “mixed,” but noted that policy
1970-01-01 08:00
Germany is experiencing a mass worker shortage. Can migration fix it?
Sipping Turkish black tea outside the doner shop he runs in the Berlin neighborhood of Kreuzberg, Faruk Can
1970-01-01 08:00
Modi’s Party Trails in Early Vote Count in India Swing State
Prime Minister Narendra Modi’s party is trailing in the crucial southern state of Karnataka in early vote counting,
1970-01-01 08:00