Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling
Invoking the 14th Amendment to lift the borrowing cap on the US debt ceiling as a way to work around slow-moving negotiations is not an option, Deputy Treasury Secretary Wally Adeyemo told CNN Friday, the administration's most definitive response yet to an unlikely option demanded by some progressives.
2023-05-26 21:16
Ukraine Recap: Russia Strikes Hospital; Chinese Envoy in Moscow
At least one person was killed and 23 injured after a Russian missile struck a hospital and veterinary
2023-05-26 20:00
Factbox - Key ECB policymaker comments in run up to June policy meeting
The following are comments from key European Central Bank policymakers in the run up to the June 15
2023-05-26 19:17
Ramaphosa Sets Powers for Minister to Address Energy Crisis
South African President Cyril Ramaphosa allocated a range of powers to his electricity minister to help address the
2023-05-26 18:50
ECB's Lane pushes back on core inflation worries
DUBROVNIK, Croatia Falling energy prices will lower underlying inflation in the euro zone and rapid wage growth is
2023-05-26 17:29
Debt limit negotiators under pressure to reach deal as risk of default grows
There are signs that negotiations over raising the nation's debt limit are gaining momentum, but major differences remain and it's unclear how quickly an agreement could come together. Time is running short as the risk of a first-ever default grows.
2023-05-26 17:27
Turkey’s Runoff Election Has Investors Bracing for More Pain
Financial markets are signaling that more pain is to come in Turkey’s financial markets, as long-time leader President
2023-05-26 16:27
UK’s Sunak Planning to Deport 3,000 Asylum Seekers Per Month
The UK government is planning to deport thousands of asylum seekers per month from next year, a person
2023-05-26 16:21
Hungary Budget Overruns Are Becoming an Issue for Investors
Hungarian Prime Minister Viktor Orban’s government is pushing back against growing criticism over fiscal management that investors say
2023-05-26 14:58
Deaths From Heatstroke Rise in Japan, Prompting Countermeasures
Climate change is killing the elderly in Japan and the government wants to stop it. An average of
2023-05-26 14:18
BOJ will keep YCC until 2024, three-quarters of economists say: Reuters poll
By Kantaro Komiya TOKYO The Bank of Japan (BOJ) will likely maintain its yield curve control (YCC) policy
2023-05-26 12:21
Why any debt deal could be just the beginning of the treacherous road to avoiding default
Just six days remain before America could run out of money to pay its bills in a calamity that could trigger a recession and global economic turmoil. Deep divisions remain between the White House and House Republicans over a potential deal under which Congress would vote to raise the government's borrowing limit in exchange for capping spending.
2023-05-26 12:18