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.
2023-05-13 04:55
EU Reaches Initial Agreement on Blueprint for China Relations
The European Union’s top envoys sought to project a united front on relations with China, reaching an initial
2023-05-13 03:24
Pakistan's political crisis will deepen its economic misery
The political unrest that's engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country's economic crisis.
2023-05-13 02:28
California’s Newsom Sees Budget Deficit Deepening to $32 Billion
Governor Gavin Newsom said California is facing a $32 billion budget deficit, a deeper hole than previously projected,
2023-05-13 01:53
DeSantis Is Courting Donors at Secret Dinners With One Major Line: I’m the Drama-Free Trump
Ron DeSantis, at a series of private dinners in recent weeks, has intensified his pitch to conservative donors
2023-05-13 01:16
Biden’s Power-Plant Climate Plan Gives Utilities Time to Clean Up Their Act
The Biden administration’s latest plan to slash planet-warming pollution gives electric utilities years to clean up US coal
2023-05-13 00:51
As US Border Crossings Jump, Biden Asks Latin America for Help. It’s a Tough Sell
President Joe Biden wants to share the burden of an increase in migration with other nations along the
2023-05-12 22:29
Here's how the 14th Amendment factors into the debt ceiling debate
As the stalemate over addressing the debt ceiling continues and the threat of default looms larger, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.
2023-05-12 21:27
Orban Ramps Up Anti-EU Rhetoric by Asking ‘What’s the Point?’
Veszprem in Hungary is one of the European Union’s cities of culture this year, an initiative designed to
2023-05-12 20:46
India’s Retail Inflation Eases More Than Estimated in April
Consumer prices in India continued to slide in April, giving the central bank room to keep rates on
2023-05-12 20:22
Europe Needs Stronger Line on China Relations, Ministers Urge
The European Union must unite around a stronger stance toward China as it tries to cope with Beijing’s
2023-05-12 18:47
Erdogan’s Rival Accuses Russians of Meddling in Turkish Vote
The main opponent of Turkish President Recep Tayyip Erdogan in Sunday’s elections accused an unidentified Russian group of
2023-05-12 17:55