Biden assaults Republicans over ‘mind-boggling’ debt ceiling menace

WASHINGTON, Jan 26 (Reuters) – President Joe Biden solid Republicans as representing the get together of “chaos and disaster” on Thursday and sharply criticized their refusal to approve a rise within the U.S. debt ceiling except they get a deal on spending cuts. In an impassioned speech at a steamfitters union corridor in Virginia, Biden … Read more

Feds seized almost $700 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors have seized almost $700 million in belongings from FTX founder Sam Bankman-Fried in January, largely within the type of Robinhood inventory, based on a Friday courtroom submitting. Bankman-Fried, who has been accused of stealing billions of {dollars} from FTX clients to pay money owed incurred by his crypto-focused hedge … Read more

U.S. hits debt ceiling amid standoff between Republicans and Democrats

WASHINGTON, Jan 19 (Reuters) – The U.S. authorities hit its $31.4 trillion borrowing restrict on Thursday, amid a standoff between the Republican-controlled Home of Representatives and President Joe Biden’s Democrats that might result in a fiscal disaster in a number of months. Treasury Secretary Janet Yellen knowledgeable congressional leaders together with Home Speaker Kevin McCarthy … Read more

Kevin McCarthy elected Republican U.S. Home speaker, however at a value

WASHINGTON, Jan 7 (Reuters) – Republican Kevin McCarthy was elected speaker of the U.S. Home of Representatives early on Saturday, after making intensive concessions to right-wing hardliners that raised questions in regards to the celebration’s skill to control. The 57-year-old Californian suffered one closing humiliation when Consultant Matt Gaetz withheld his vote on the 14th … Read more

Explainer: Why the U.S.-Mexico power spat is a troublesome nut to crack

MEXICO CITY, Jan 6 (Reuters) – The leaders of america, Canada and Mexico are because of maintain a summit subsequent week, the place a significant bone of rivalry might be a dispute centering on whether or not Mexico breached a commerce pact by tightening state management of its power market. WHERE DOES THE DISPUTE STAND? … Read more

Hardline Republicans dig in in opposition to McCarthy’s Home speaker bid

WASHINGTON, Jan 5 (Reuters) – Hardline Republicans within the U.S. Home of Representatives rejected Kevin McCarthy’s speakership bid for an eleventh time on Thursday, whereas his supporters labored behind closed doorways in hopes of cementing a deal that might carry success. The voting propelled the Home to a stage of dysfunction not seen because the … Read more

Kevin McCarthy vows to stay in race for U.S. Home speaker amid hardline opposition

WASHINGTON, Jan 3 (Reuters) – Republican Kevin McCarthy vowed on Tuesday to stay within the race to be the highly effective U.S. Home of Representatives speaker, hours after hardline members of his social gathering repeatedly blocked his bid to guide their brand-new majority. Within the first day of what might show to be a brutal … Read more

Slipping over Mexico border, migrants get the soar on U.S. courtroom ruling

CIUDAD JUAREZ, Mexico Dec 28 (Reuters) – Even earlier than the U.S. Supreme Court docket on Tuesday opted to maintain in place a measure aimed toward deterring border crossings, tons of of migrants in northern Mexico have been taking issues into their very own arms to slide into the US. The contentious pandemic-era measure referred … Read more

U.S. Congress passes $1.66 trillion funding invoice; sending to Biden

WASHINGTON, Dec 23 (Reuters) – The Democratic-controlled U.S. Home of Representatives on Friday handed a $1.66 trillion authorities funding invoice that gives document army funding and sends emergency assist to Ukraine, hours earlier than a midnight deadline. The spending invoice for the fiscal yr ending Sept. 30 was authorised on a largely party-line vote of … Read more

Insurers shun FTX-linked crypto corporations as contagion danger mounts

Dec 19 (Reuters) – Insurers are denying or limiting protection to purchasers with publicity to bankrupt crypto trade FTX, leaving digital forex merchants and exchanges uninsured for any losses from hacks, theft or lawsuits, a number of market contributors mentioned. Insurers had been already reluctant to underwrite asset and administrators and officers (D&O) safety insurance … Read more