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WASHINGTON (AP) — Voters in Utah’s second congressional district will cast ballots Tuesday in a Thanksgiving-week special election to fill the last remaining vacant seat in the U.S. House of Representatives. Political Cartoons View All 1253 ImagesThe second congressional district includes a portion of Salt Lake County, a Democratic area that went for President Joe Biden in 2020. Here’s a look at what to expect on election night:ELECTION DAYUtah will hold a special congressional election on Tuesday. WHAT’S ON THE BALLOTThe Associated Press will provide coverage of the special congressional election in Utah’s second congressional district. WHO GETS TO VOTEAny voter registered in Utah’s second congressional district may participate in Tuesday’s special election.
Persons: Republican Celeste Maloy, Kathleen Riebe, Chris Stewart, Maloy, Becky Edwards, Bruce Hough, Riebe, outspent Maloy, Joe Biden, Donald Trump, Stewart, Donald, it’s Organizations: WASHINGTON, , U.S . House, Representatives, Republican, GOP U.S . Rep, Democratic, Democrat, Libertarian, United, Press, WHO, AP, Statewide Locations: Utah’s, U.S, Riebe, United Utah, Salt Lake County, Utah
Political Cartoons View All 1250 ImagesHere’s a look at what to expect on election night:ELECTION DAYThe Louisiana general election will be held Saturday. All registered voters may participate in the general election on Saturday. Turnout for the 2019 gubernatorial general election was 1.5 million voters, or 51% of registered voters. That year, turnout went from 33% of total registered voters in the primary to 23% in the general election. In the 2019 gubernatorial general election, 33% of voters cast ballots before Election Day.
Persons: Republican Kyle Ardoin, Nancy Landry, Gwen Collins, Landry, Collins, Jeff Landry, Mike Lindell, Greenup, Joe Biden, Donald Trump, John Bel Edwards, Edwards, Hillary Clinton, Biden, it’s, Republican Bobby Jindal Organizations: WASHINGTON, Democratic, Republican, Ardoin, Republican Gov, Associated Press, WHO, Democrats, AP Locations: Louisiana, Baton Rouge
Wally Nowinski bought a Tesla Model 3 in 2020 to drive from California to his parents in Michigan. It was so easy to buyEven if Tesla was selling a gas car, I would probably buy it. Most people go to their neighborhood gas station once a week, but with an electric car you'll never have to do that again. AdvertisementAdvertisementFor most of the time I've owned the car, I've lived in apartments. I'd even consider another electric car.
Persons: Wally Nowinski, Elon Musk, , it's, Tesla, I've, It's Organizations: Tesla, Service Locations: California, Michigan, El Cerrito , California, San Francisco, Seattle
Also on Tuesday's Ohio ballot is a statewide ballot measure to legalize recreational adult use of marijuana. Here’s a look at what to expect on election night:ELECTION DAYThe statewide election in Ohio will be held on Tuesday. DECISION NOTESThe Aug. 8 statewide ballot measure vote provides a reasonable baseline estimate of support for Tuesday’s proposed amendment on abortion. In that contest, 57% of voters supported the position generally backed by abortion rights advocates, while 43% sided with the position generally adopted by abortion rights opponents. In the Aug. 8 ballot measure election, the AP first reported results at 7:35 p.m.
Persons: Roe, Wade, Tuesday’s, Donald Trump, Trump, it’s Organizations: WASHINGTON, Supreme, AP, Press, WHO Locations: Ohio, U.S, . Ohio, Cincinnati, Dayton
Also on the ballot is a special election for state Senate. The other vacancy is in Utah’s 2nd Congressional District, which will be decided in a special election on Nov. 21. Also on the Tuesday ballot is a special state Senate election to complete the term of Maryellen Goodwin, the chamber’s majority whip until her death in April. The Associated Press will provide coverage for two races: a special U.S. House election in the 1st Congressional District and a special election in state Senate District 1.WHO GETS TO VOTE? Voters must be registered in either U.S. House District 1 or state Senate District 1 to participate in either special election.
Persons: Gabe Amo, Republican Gerry Leonard, David Cicilline, Obama, Sen, Sandra Cano, Sabina Matos, Aaron Regunberg, Leonard, Terri Flynn, Cicilline, Democrat Patrick Kennedy, Maryellen Goodwin, Jacob Bissaillon, Niyoka Powell Organizations: WASHINGTON, Republican, Democratic U.S . Rep, Biden White House, Democratic, Gov, Marine, Middletown Town, Democrat, U.S . House, Congressional, Associated Press, Congressional District, WHO, . House, AP, District, Republicans Locations: Rhode Island, U.S, Iraq, Afghanistan, Utah’s, Rhode
TOKYO (AP) — Japan's Prime Minister Fumio Kishida said Monday he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment, in what's seen as a move to lift his dwindling public support. “I'm determined to take unprecedentedly bold measures,” Kishida said, pledging an intensive effort to achieve stronger supply capability in about three years. “The results clearly show that many voters are dissatisfied by the government's delayed economic measures to tackle rising prices," said Jun Azumi, a senior CDPJ lawmaker. “Now is the time for me to focus on that, and I'm not thinking about anything else,” Kishida said, denying that his tax cut proposal was related to elections. The tax cuts would be part of a new economic stimulus package he plans to announce by the end of the month.
Persons: , Fumio Kishida, Kishida, “ I'm, ” Kishida, , , Azumi Organizations: TOKYO, Liberal Democratic Party, Constitutional Democratic Party of Japan Locations: what's, Nagasaki, Sunday's, Kochi, Tokushima, Ukraine, Israel, China
A Republican candidate, state Rep. Richard Nelson, withdrew from the race in September and endorsed Landry but will remain on the ballot per state election laws. Here’s a look at what to expect on election night:ELECTION DAYThe Louisiana state primary will be held Saturday. Neither Clinton nor Biden performed particularly well in Louisiana in the presidential elections: In 2016, Clinton won 38% of the statewide vote; in 2020, Biden won 40% of the statewide vote. In the 2019 Louisiana primary, 33 of the 164 races tabulated by the AP advanced to a runoff. These included the races for governor, secretary of state, five state Senate races and 24 state House races.
Persons: John Bel Edwards, Edwards, Sen, Sharon Hewitt, Jeff Landry, John Schroder, Stephen Waguespack, Richard Nelson, Landry, Shawn Wilson, Lake, Hunter Lundy, Donald Trump, Schroder, Trump, Hillary Clinton, Joe Biden, Clinton, Biden, outperforming, it’s Organizations: WASHINGTON, Gov, Republican, Democratic, GOP, Press, WHO, AP, Senate Locations: Louisiana, Lake Charles, New Orleans, Caddo, East Carroll, Madison, Tensas, Baton Rouge and New Orleans
Here’s a look at what to expect on election night:ELECTION DAYThe special election for Pennsylvania state House District 21 will be held on Tuesday. WHAT’S ON THE BALLOTThe Associated Press will provide coverage for the special election in District 21, which is the only race on the ballot. WHO GETS TO VOTEVoters must be registered in House District 21 to participate in the special election. DECISION NOTESUnder its current boundaries, District 21 heavily favors Democrats. In the 2022 general election in District 21, the AP first reported results at 8:39 p.m.
Persons: Sara Innamorato, Lindsay Powell, Chuck Schumer, Hakeem Jeffries, Pittsburgh Mayor William Peduto, Erin Connolly Autenreith, Thomas Connolly, Innamorato, Hillary Clinton, Joe Biden, Sen, John Fetterman, Mehmet Oz, Pennsylvania, John Galloway, Frank Perman, Autenreith, Perman, Powell, it’s Organizations: WASHINGTON, Representatives, Democratic, Republican, Allegheny, Republicans, U.S, Pittsburgh Mayor, Shaler Township Republican, Pennsylvania House, Rep, Pennsylvania, Press, WHO, House, AP, Pennsylvania’s, Pennsylvania Department, State’s Locations: Shaler Township, McKees, Allegheny County, Pennsylvania, Pittsburgh, Etna, Millvale, District, Shaler, underperform
Currently, TikTok spokesperson Laura Perez said more than 200,000 sellers have registered for TikTok Shop. ByteDance, the Beijing company that owns TikTok, already runs a thriving social media marketplace on Douyin, its twin video app for the Chinese market. “No social app has really been able to master e-commerce in the U.S.,” said Jasmine Enberg, a social media analyst at Insider Intelligence. Critics have levied accusations that the social media giant could be a tool for China’s government to surveil Americans. The company said TikTok shop will offer a secure checkout process and that all of its U.S. user data is stored and managed by servers maintained by the software giant Oracle.
Persons: , TikTok, Laura Perez, TikTok’s, Perez, hasn't, , , Jasmine Enberg, “ TikTok, Enberg, OtterBox Organizations: TikTok, Meta, Intelligence, Insider Intelligence, Amazon, U.S, Oracle Locations: U.S, Beijing, Asia, China
Spain vote stalemate requires winner to drop out
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 24 (Reuters Breakingviews) - After Sunday’s election, neither the conservative People’s Party nor the governing Spanish Socialist Workers’ Party are likely to have enough support to rule. But he could shorten the pain by declining to form a government, paving the way for another poll in the autumn. The snap election called by left-wing Prime Minister Pedro Sánchez in May failed to deliver either bloc the 176 parliamentary seats needed to govern. Since Sánchez is also unlikely to muster enough support, that would give Spaniards another chance to choose a leader in cooler conditions. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Alberto Núñez Feijóo, Pedro Sánchez, King Felipe VI’s, Mariano Rajoy, Francesco Guerrera, George Hay, Streisand Neto Organizations: Reuters, People’s Party, Spanish Socialist Workers ’ Party, El, Vox, PSOE, Spanish, Twitter, Thomson Locations: “ El Gobierno, el aire, El Pais
With 99% of votes counted by 11:45 p.m. (2145 GMT), the opposition People's Party (PP) had 136 seats while Prime Minister Pedro Sanchez's ruling Socialists (PSOE) had 122 seats. Reuters Graphics Reuters GraphicsNegotiations by the two blocs to form governments will start after a new parliament convenes on Aug. 17. Prime Minister Pedro Sanchez called a surprise snap election after the left took a drubbing in local elections in May. In the present scenario, Sanchez' PSOE would rely heavily on Catalan separatist parties Junts and ERC or Basque separatists EH Bildu. In 2019, two more elections were held before the PSOE and far-left Podemos agreed to form Spain's first coalition government.
Persons: Pedro Sanchez's, Vox, King Felipe VI, Alberto Nunez Feijoo, Mariano Rajoy, Sanchez, Steve Smith, Pedro Sanchez, Ignacio Jurado, Carlos, Juan Medina, Madrid's Calle Genova, Galo Contreras, we're, Francisco Franco, Teruel Existe, El, Junts, Carles Puigdemont, Podemos, Jose Ignacio Torreblanca, Belen Carreno, Jesus Aguado, Emma Pinedo, Joan Faus, Corina Pons, Charlie Devereux, Nick Macfie, Frances Kerry, Cynthia Osterman Organizations: PSOE, People's Party, Socialists, Reuters Graphics Reuters, European Union Council, Voters, Feijoo's PP, Vox, Carlos III University, People's, REUTERS, Madrid's Calle, PP, Basque Nationalist Party, Teruel, Junts, ERC, Basque, European Council, Foreign Relations, Thomson Locations: MADRID, Spain, swimsuits, Madrid, Madrid's, Burgos, El Pais, Catalan
[1/4] Spain's far-right Vox party leader Santiago Abascal gestures as he speaks during an opening campaign rally ahead of the July 23 snap election, in Puerto Almerimar, El Ejido, Spain July 6, 2023. REUTERS/Jon Nazca/File PhotoMADRID, July 17 (Reuters) - As could be expected of the head of a far-right party that puts nationalism at its core, Vox leader Santiago Abascal drapes himself in Spanish symbols, wearing designer shirts glorifying bullfighting or issuing Vox-branded hand fans to rally attendants. Reuters Graphics Reuters GraphicsHowever, the frontrunning centre-right People's Party (PP), led by Alberto Nunez Feijoo, is unlikely to secure an outright majority, and may turn to Vox as a kingmaker. Abascal is the third generation of politicians in his family, his father and grandfather having also served in regional or local government. A sociology graduate from Spain's northern Basque Country, Abascal joined the PP at 18, was elected as a councillor at 23 and became a PP lawmaker in the Basque parliament.
Persons: Santiago Abascal, El, Jon Nazca, Abascal, Pedro Sanchez's, Vox, Alberto Nunez Feijoo, Santi, Sanchez, Miguel Angel Murado, Ana Pedroza, Carlos Perez, Francisco Franco's, Giorgia Meloni, Viktor Orban, Italy's Meloni, Aislinn Laing, Catherine Macdonald, Andrei Khalip, Alex Richardson Organizations: Vox, REUTERS, Socialist, Reuters Graphics Reuters, People's Party, ETA, Italy's, Thomson Locations: Puerto Almerimar, El Ejido, Spain, MADRID, Spain's, Basque, Catalonia, Madrid, Hungary, Italy, Finland, Hungarian, Valencia
MADRID, July 15 (Reuters) - Spain's opposition conservative People's Party (PP) is ahead of Prime Minister Pedro Sanchez's ruling Socialists (PSOE) but still short of winning a decisive majority in this month's general election, according to two tracking opinion polls published on Saturday. To secure an absolute majority of the 350 lower house of parliament seats needed to form a government after the July 23 election, the PP would almost certainly have to ally with the far-right Vox party, opinion polls have shown. The PP would win more votes than the PSOE and the far-left Sumar party together, the poll found. Sumar would win 25 seats or 11.4% of the vote while Vox would claim 11.7% of the vote or 29 seats. Meanwhile, the PP's share of the vote fell slightly according to a tracker poll by 40dB for El Pais, a centre-left newspaper.
Persons: Pedro Sanchez's, GAD3, Sumar, Vox, 40dB, Sanchez, Graham Keeley, Frances Kerry Organizations: People's Party, Socialists, PSOE, Vox, ABC, El Pais, El, Thomson Locations: MADRID, El, El Pais
MADRID, July 11 (Reuters) - Spanish opposition leader Alberto Nunez Feijoo, leader of the conservative People's Party (PP), won an ill-tempered televised debate on Monday night ahead of an election later this month, a poll published by El Mundo newspaper indicated on Tuesday. With Feijoo leading in polls before the July 23 election, the onus was on Prime Minister Pedro Sanchez, a Socialist, to go on the attack. About 54% of voters thought Feijoo won the debate compared to 46% for Sanchez, according to the Sigma Dos survey for El Mundo. It found that 22% of people who voted for the Socialists in the past election felt Feijoo had won the debate while only 6% of PP voters assigned the victory to Sanchez. The expectation is that the election at the height of the summer holiday season will also suffer from a lack of engagement.
Persons: Alberto Nunez Feijoo, Feijoo, Pedro Sanchez, Sanchez, Josep Marti Blanch, Vox, Spain's, GAD3, Barlovento Comunicacion, Charlie Devereux, Andrei Khalip, Angus MacSwan Organizations: People's Party, El Mundo, Sigma, Socialists, ABC, Atresmedia, Thomson Locations: MADRID, Spanish, La Vanguardia, Europe, Italy, Spain
The conservative People's Party (PP) and the far-right party Vox, a potential coalition ally, would still win enough seats for an absolute majority in the 350-member lower house, two polls released on Monday showed. All polls have found the PP would need support from Vox to form a government. The PP would win between 150 and 154 seats, according to a GAD3 poll for ABC newspaper carried out on June 29-30. An earlier GAD3 poll conducted between June 5 and June 8 had given the PP between 150 and 153 seats. A third poll by 40DB, hired by El Pais newspaper, showed PP and Vox falling short of the 176 seats required for an absolute majority.
Persons: Vox, Pedro Sanchez, Podemos, GAD3, El, 40DB, Inti Landauro, Charlie Devereux, Gareth Jones Organizations: Socialists, PSOE, People's Party, Vox, Sumar, ABC, IMOP, El Pais, Thomson Locations: MADRID, 40DB's
MADRID, July 1 (Reuters) - Spain's conservative People's Party is set to win the most seats in the lower house of parliament in a national election next month, ahead of the ruling Socialist Workers' Party (PSOE), a poll released by El Mundo newspaper showed on Saturday. The survey, carried out between June 26 and 30, showed the PP widening its lead over Prime Minister Pedro Sanchez's PSOE, pollster Sigma Dos said. The poll estimated that the PP would get between 140 and 143 seats in the 350-member lower house, up from 140 in the previous poll held between June 16 and 23. The PSOE would get between 102 and 105 seats, it showed, compared with 102 in the previous survey. The far-right Vox party, the PP's likeliest post-election ally, would get 34-36 seats, compared with 35 seats previously.
Persons: Pedro Sanchez's, pollster Sigma Dos, Podemos, Sanchez, Jessica Jones, Alex Richardson Organizations: People's Party, Socialist Workers ' Party, PSOE, El Mundo, Pedro Sanchez's PSOE, pollster, Vox, Thomson Locations: MADRID
The survey, carried out between June 16 and 23, showed the PP would get 140 seats in the 350-member lower house, down from 141 a week earlier. The poll, commissioned by El Mundo newspaper, showed far-right party Vox, the PP's likeliest post-election ally, would get 35 seats, down from 36 a week earlier, Sigma-Dos said. A likely coalition between Vox and PP would be one seat short of the 176 outright majority. Sanchez on May 29 called a surprise snap election after his party and its junior coalition partner Podemos were routed in regional and municipal ballots. Following the May municipal and regional elections, local negotiations between PP and Vox resulted in bickering in some cases.
Persons: Alberto Nunez Feijoo, Isabel Diaz Ayuso, Jose Luis Martinez, Read, Pedro Sanchez's, pollster, Vox, Sanchez, Podemos, Yolanda Diaz, Inti Landauro, Angus MacSwan Organizations: People's Party, of, Almeida, El Mundo, Pedro Sanchez's Spanish Socialist Workers ' Party, PSOE, pollster Sigma, Sigma, Vox, Labour, Thomson Locations: of Madrid, Madrid, Retiro, Spain, MADRID, Pedro Sanchez's Spanish
MADRID, June 19 (Reuters) - Spain's conservative People's Party is set to win the most seats in the lower house of parliament in next month's national election, far ahead of the ruling Socialist Workers' Party (PSOE), a poll released by El Pais newspaper showed on Monday. The survey, carried out between June 12 and 14, showed the PP widening its lead over Prime Minister Pedro Sanchez' PSOE, pollster 40DB said. The poll, commissioned by El Pais newspaper, estimated that the PP would get between 128 and 142 seats in the 350-member lower house, up from 131 in the previous poll held between May 31 and June 1. The PSOE would get between 99 and 109 seats, it showed, compared with 107 in the previous such survey. The previous poll carried out between May 31 and June 1 had attributed 41 seats to Sumar.
Persons: Pedro Sanchez, pollster 40DB, Sanchez, Podemos, 40DB, Gareth Jones Organizations: People's Party, Socialist Workers ' Party, PSOE, El, El Pais, Vox, Inti, Thomson Locations: MADRID, El Pais
Umberto Cicconi/Hulton Archive/Getty Images Berlusconi swims at a Tunisian beach in 1984. Umberto Cicconi/Hulton Archive/Getty Images Berlusconi leaves a 1985 news conference in Paris. Franco Origlia/Hulton Archive/Getty Images Berlusconi announced in November 1993 that he would be entering the world of politics. Franco Origlia/Hulton Archive/Getty Images Berlusconi waves while attending a European Council meeting in Corfu, Greece, in June 1994. Vittorio Zunino Celotto/Getty Images Berlusconi hands the Berlusconi Trophy to AC Milan's Massimo Ambrosini in August 2011.
Persons: Rome, Rome CNN — Silvio Berlusconi, Christ, , Berlusconi, Milan’s, Benito Mussolini, “ Il Cavaliere ”, Milan, Giorgia Meloni, Matteo Salvini, Silvio Berlusconi, Alessandra Benedetti, Eric Vandeville, Indro Montanelli, Umberto Cicconi, Italy's, Michel Clement, Francis Apesteguy, Veronica Lario, Franco Origlia, Langevin Jacques, Sygma, Cesare Previti, Pope John Paul II, Bill Clinton, Hillary Clinton, Veronica, William Stevens, Barbara, Eleonora, Oscar Scalfaro, Patrick Hertzog, Romano Prodi, Alberto Pizzoli, Giuseppe Cacace, Gregorio Borgia, Associated Press Berlusconi, Vittorio Zunino Celotto, Massimo Ambrosini, Claudio Villa, Dan Kitwood, preliminarily, Filippo Monteforte, Alessia Pierdomenico, Remo Casilli, Reuters Berlusconi, Giuseppe Lami, Angelo Carconi, Emanuele Cremaschi, Tiziana Fabi, Luigi Brugnaro, Renato Brunetta, Piero Cruciatti, Hungary’s Viktor Orban, Britain’s Boris Johnson, Donald Trump, “ Berlusconi, ” Severgnini, ” Meloni, Claudia Greco, Prodi –, , Berlusconi’s, Ignazio La Russa, , Gianfranco Fini –, FILIPPO MONTEFORTE, Vladimir Putin, Volodymr Zelensky, Nobel, salesmanship ’, Jesus Christ, Severgnini, il, salesmanship, Francesca Pascale, Del, Pavarotti, ” Berlusconi, Marina, Carla Dall’Oglio, Luigi Organizations: Rome CNN, Milan’s San Raffaele, Forza Italia, Freedom, Italian, Getty, Canale, AC Milan, Berlusconi, Romano, Associated Press, Associated, Bloomberg, Reuters, Venice, Anadolu Agency, RAI, Media, Milano, Milan –, world’s, Forza Italia Party, Forza, soccer team, Northern League Party, European, Union coalition, Sporting, della, PM, , , Del Monaco Locations: Milan, Paris, AFP, Naples, Italy, Rome, Corfu, Greece, Tatanto, Cannes, France, Italy's, Venice, Italy's Senate, Monza, Lombardy, , L’Aquila, Milan’s, Italian, Europe, Ukraine
Against this backdrop, Abu Daher jumped into the crypto mining business a little over two years ago. Zoom In Icon Arrows pointing outwards Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu DaherIt has been 26 months since Abu Daher first set up shop, and he says that business is thriving. watch nowBuilding a bitcoin mining businessAbu Daher had a few black swan events on his side soon after he broke into crypto mining. In January, police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process.
Others arrange clandestine meetings via Telegram to swap the stablecoin tether for U.S. dollars in order to buy groceries. In Jan., police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process. But mining crypto tokens to earn a living is not for everybody. Younes tells CNBC that he initially moved 15% of his money into bitcoin, and he kept the remaining balance in cash. Lebanon has six bitcoin ATMs — one in Aamchit and five in Beirut, according to metrics offered by coinatmradar.com.
“At 5:50p during the Fox 10 newscast today a small graphic appeared on the lower left side of the screen showing test results for the upcoming election,” they said (here). You don’t test election graphics during a live program. One journalist wrote on Twitter that stations do use test results in their systems before an election. Local television stations accidentally airing test election results before the election has happened before during the 2020 elections at local stations in Michigan and Illinois (here), (here). The Associated Press confirmed that they send test data to their media customers with randomly generated results ahead of elections.
Factbox: Government measures to ease inflation pain
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +5 min
In August, the government offered debt relief to former students and unveiled the $430 billion "Inflation Reduction Act". * Canada on Sept. 13 announced a C$4.5 billion ($3.29 billion) relief package. * Poland will spend over 30 billion zlotys ($6.07 billion) to freeze power prices and support companies. * The Czech Republic will cap electricity and gas prices next year. * Croatia will cap electricity prices from Oct. 1 until March.
Giorgia Meloni, a nationalist accused by political rivals and experts of spreading white supremacist ideas, was on Monday set to become Italy's first far-right leader since World War II. The results confirm her party’s rise from a radical fringe group to the driving force in right-wing Italian politics. Meloni, who would be Italy's first female leader, and the Brothers of Italy advocate naval blockades to stop unauthorized migration from Africa. Giorgia Meloni, leader of the Brothers of Italy, in Rome on Monday. Brothers of Italy leader Giorgia Meloni casts her vote at a polling station in Rome on Sunday.
The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fueling concerns about the government’s economic policy as the United Kingdom creeps toward recession. The pound fell as low as $1.0373, before rallying to $1.0672 in early London trading. The British currency has lost more than 5% of its value against the dollar since Friday, when Kwarteng announced the biggest tax cuts in 50 years. But U.K. inflation is the highest among major economies, and the bank has predicted a recession later in the year. The British currency has dropped more than 24% against the dollar since its recent peak of $1.4181 on May 27, 2021.
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