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☆ US House to vote on Republican debt limit bill this week
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, April 23 (Reuters) - Republican U.S. House of Representatives Speaker Kevin McCarthy said on Sunday the House would hold a vote in the coming week on his spending and debt bill, adding he was confident he had the votes to pass the bill. Reporting by Kanishka Singh in Washington; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Industry targets of U.S. Republicans' anti-ESG efforts
▼ + stars: | 2023-04-22 | by ( Ross Kerber | ) www.reuters.com time to read: +3 min

Here is a look at major efforts and, in some cases, their impact on specific industries. In addition, legislation pending in states, including Texas and Florida, aims to limit the consideration of ESG factors by pension funds, which could cut off fund firms from public contracts. Top fund firms such as BlackRock Inc (BLK.N) and State Street Corp (STT.N) - both NZAM members - have said their ESG efforts only support clients concerns, for instance the view that climate change poses investment risks. Several of the bills have been passed into law in states including Mississippi and West Virginia. Republicans failed to gain control of the U.S. Senate in elections held Nov. 8, however, limiting their investigative powers.

☆ Investors can discount IMF’s emerging-market gloom
▼ + stars: | 2023-04-21 | by ( Felix Martin | ) www.reuters.com time to read: +6 min

Historically, monetary tightening in the United States has been kryptonite for emerging-market investors. Most important of all, many emerging-market central banks learned the lesson of previous cycles and raised rates early. By the end of 2021, two-thirds of the major emerging-market central banks were tightening monetary policy. Perhaps the 2020s will bring a Highly Indebted Rich Countries initiative in which emerging-market countries return the favour. But when it comes to considering the investment case for the majority of emerging-market sovereigns, investors should not be swayed.

☆ Guo Wengui Denied Bail While Awaiting Trial in New York
▼ + stars: | 2023-04-20 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

A courtroom sketch shows Guo Wengui at a courthouse in New York. Photo: JANE ROSENBERG/REUTERSA New York federal judge on Thursday ordered wealthy Chinese businessman Guo Wengui jailed while he awaits trial on fraud and money-laundering charges, calling him a flight risk and saying the Justice Department’s evidence against him was strong. Mr. Guo, who garnered attention by accusing Beijing of corruption from his Manhattan penthouse, was arrested and charged last month with a $1 billion fraud scheme. Federal prosecutors in the Manhattan U.S. attorney’s office alleged he took advantage of the hundreds of thousands of followers he amassed online by soliciting investments in a cryptocurrency he developed, a media company and other ventures. He spent some of the proceeds on lavish purchases, including a $26 million home in New Jersey, a yacht and a Ferrari, prosecutors allege.

☆ Morning Bid: Oil price relapse
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +4 min

Although oil prices have not yet reversed all their gains from OPEC move, Brent is down more than 5% over the past week and the year-on-year deflation in oil prices is running at 24%. And there's also signs oil loading from Russia's western ports this month is rising to the highest since 2019 -= despite Moscow's pledge to cut output. Tesla (TSLA.O) shares dropped 2% after the electric-vehicle maker's sixth U.S. price cut this year. Helped by the oil price retreat, 2-year U.S. Treasury yields fell back almost 10 basis points to 4.19%. VIX and bear marketsShare price performance, earnings and sales for TeslaReuters GraphicsReuters GraphicsBy Mike Dolan, <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

☆ US Senate Republicans go after Biden's labor nominee for stance on Uber, Lyft, others
▼ + stars: | 2023-04-20 | by ( Nandita Bose | ) www.reuters.com time to read: +3 min

[1/2] Julie Su speaks at a Senate Health, Education, Labor and Pensions Committee hearing on her nomination to be Labor Secretary, on Capitol Hill in Washington, U.S., April 20, 2023. She needs at least 50 votes in a Senate where Democrats have a slim 51-49 majority. Industry groups that represent companies employing gig labor have launched an aggressive campaign to oppose her nomination. Cassidy also accused her of eliminating independent contracting during her tenure as Biden's deputy secretary of labor. It is not a given that all Senate Democrats will support Su.

German specialised property lenders such as Aareal Bank (ARLG.DE), Deutsche Pfandbriefbank (PBBG.DE) and Berlin Hyp, have a bigger concentration of real estate exposure, analysts added. Blackstone (BX.N) recently blocked withdrawals from its $70 billion real estate income trust after facing a flurry of redemption requests. Open-ended real estate funds in Britain have also battled to meet strong demand for redemptions. In Europe, CRE exposure for smaller banks, more at risk of deposit flight, is estimated at under 30% of all loans, Capital Economics said. "On the other, real estate owners themselves are going to face quite material increase in costs."

Failure to raise the debt ceiling would lead to default that would shake the U.S. and world economies. McCarthy said the package would lower spending by $4.5 trillion over the coming 10 years. Biden reiterated his position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under his Republican predecessor, Donald Trump. POTENTIAL CONSEQUENCESThe nonpartisan Committee for a Responsible Federal Budget praised McCarthy's plan as a "realistic and extremely welcome first step." A lengthy 2011 standoff over the debt ceiling led to a first-ever downgrade of the federal government's credit rating, which rattled markets and raised borrowing costs.

☆ Republican McCarthy eyes $1.5 trln lift of US debt ceiling, spending cuts
▼ + stars: | 2023-04-19 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

McCarthy said they would serve as the basis for negotiations between the two parties over raising the $31.4 trillion debt limit in the coming months. The White House reiterated its position that Congress should raise the $31.4 trillion debt limit without conditions, as it did three times under Biden's Republican predecessor, Donald Trump. At an appearance outside Washington, Biden said Republicans were threatening to push the United States into a historic default that would shake the world economy. McCarthy leads a fractious caucus that includes a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. So far House Republicans have not produced a budget plan of their own, a move that Biden contends would be a necessary starting point for negotiations on spending.

☆ McCarthy eyes $1.5 trln lift of US debt ceiling
▼ + stars: | 2023-04-19 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsMcCarthy eyes $1.5 trln lift of US debt ceilingPostedRepublican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation's debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense partisan debate over government borrowing. This report produced by Freddie Joyner.

☆ Factbox: 2024 US presidential election: who's in, who's out and who's still thinking about it
▼ + stars: | 2023-04-19 | by ( Ross Colvin | ) www.reuters.com time to read: +7 min

Here is a list of major declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. Political analysts say there is little benefit to him jumping into the race too soon, with the election still 19 months away. In the meantime, he can continue to look presidential, although he still has poor approval ratings in opinion surveys. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. Several of his key staff, though, have recently joined the DeSantis camp, however, suggesting that Youngkin, is not going to run in 2024.

☆ Republican US congressman asks judge to let probe into Trump case proceed
▼ + stars: | 2023-04-17 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

Jordan, chairman of the House Judiciary Committee and an ally of fellow Republican Trump, made the request to U.S. District Judge Mary Kay Vyskocil two days before she is due to hold a hearing in the case in federal court in Manhattan. In a separate filing, Pomerantz urged Vyskocil to block the subpoena and said he played no role in Bragg's decision to charge Trump. Trump, who is seeking the Republican nomination for the presidency in 2024, has denied the liaison took place. Bragg has accused Jordan of impeding New York's "sovereign authority" and interfering in an ongoing criminal case. "Such legislation could help protect current and former presidents from potentially politically motivated prosecutions," Jordan's lawyers wrote in court papers.

Bragg called the subpoena part of a "campaign of intimidation" by Trump's congressional allies in response to the first-ever criminal charges against a U.S. president. Trump is seeking the Republican nomination for the presidency in 2024. Jordan has said Bragg's charges against Trump demonstrated the need to evaluate Congress' provision of federal funds to local prosecutors. Bragg has accused Republican congressmen of trying to impede New York's "sovereign authority" and interfere in an ongoing criminal case. U.S. District Judge Mary Kay Vyskocil is set to hold a hearing in the case on Wednesday in federal court in Manhattan.

☆ Republican U.S. House Speaker McCarthy to pitch spending cuts on Wall St
▼ + stars: | 2023-04-17 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

WASHINGTON, April 17 (Reuters) - Republican U.S. House Speaker Kevin McCarthy plans to make his case for cuts in federal spending to accompany a lifting of the government's $31.4 trillion debt ceiling in a speech at the New York Stock Exchange on Monday. McCarthy leads a fractious caucus that holds a narrow 222-213 majority, including a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. LIST OF OPTIONSRepublicans have been discussing spending cuts for programs ranging from homeland security and law enforcement to health, education and environmental initiatives. House Republicans are also mulling reforms to the debt ceiling, which has utterly failed at its intended purpose of restraining U.S. budget deficits. House Republicans now say they are looking at indexing the limit to gross domestic product.

BALLINA, Ireland, April 14 (Reuters) - U.S. President Joe Biden on Friday was set to wrap up his nostalgic three-day tour to Ireland, the longest ever by an U.S. leader, with a rally in the West of Ireland hometown of his great-great-great-grandfather. Biden started his tour on Wednesday in Belfast on a more serious note by urging political leaders there to restore their powersharing government. Biden will address a crowd in front of St Muredach's Cathedral, whose construction Blewitt was involved with in the 1820s. "It is a homecoming for him," said Joe Blewitt, a distant cousin of Biden's. Ahead of the visit the town was being decorated with U.S. flags, bunting and cardboard cutouts of Biden peering out of windows.

Senator Tim Scott launched a presidential exploratory committee on Wednesday, taking a key step toward running for president in 2024 and challenging former President Donald Trump for the party's nomination. Scott, 57, on Wednesday will visit Iowa, the lead-off state in the Republican presidential nominating process, before heading to New Hampshire on Thursday and his home state of South Carolina on Friday. Former South Carolina Governor Nikki Haley and activist investor Vivek Ramaswamy have formally launched campaigns seeking the Republican 2024 nomination. Florida Governor Ron DeSantis and former Vice President Mike Pence are also expected to run, though neither have announced their candidacy. Reporting by Gram Slattery; Kanishka Singh and Susan heavey; Editing by Scott Malone, Gerry Doyle and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Fact Check-Fake Lauren Boebert tweet on people being charged for crimes stems from parody account
▼ + stars: | 2023-04-12 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

An image appearing to show a tweet from Republican U.S. Representative Lauren Boebert about people being charged for crimes in the same way as former President Donald Trump originated from a Twitter parody account but has misled some users online. The fabricated tweet, dated March 9, 2023, reads: “If they charge President Trump for his crimes, they could charge any of us for our crimes. However, no such tweet can be seen on Boebert’s official Twitter account (twitter.com/laurenboebert), or in archived versions of the account on March 10 (here) and March 11 (here) . The fake screenshot, which clearly states “Parody by Rub” next to the timestamp on the bottom right, appears to have originated from a satirical account, @FaithRubPol ((here), whose account biography also states: “Most of our screenshots are parodies” (twitter.com/FaithRubPol). The fabricated tweet image originated from a parody account, not Lauren Boebert.

Senator Tim Scott plans to launch a presidential exploratory committee on Wednesday, two sources with knowledge of the matter said, a key step toward running for president in 2024. On Wednesday, Scott will be in Iowa, the lead-off state in the Republican presidential nominating process. Scott often called out Trump during his presidency over racially charged comments and blocked several of his judicial nominees for such reasons. Scott garners no more than 2% support in almost all polls, though supporters argue that will change as he becomes a better-known national figure. Reporting by Gram Slattery and Kanishka Singh; Editing by Scott Malone and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Senator Tim Scott plans to launch a presidential exploratory committee on Wednesday, a key step toward running for president in 2024, The Post and Courier newspaper in South Carolina reported late on Tuesday, citing sources. On Wednesday, Scott will be in Iowa, the lead-off state in the Republican presidential nominating process. He will then travel to New Hampshire on Thursday before coming back to his home state of South Carolina on Friday ahead of a local summit in Charleston, the newspaper said. Scott often called out Trump during his presidency over racially charged comments and blocked several of his judicial nominees for such reasons. Republicans who have formally launched campaigns for the party's 2024 nomination include former South Carolina Governor Nikki Haley, activist investor Vivek Ramaswamy and former Arkansas Governor Asa Hutchinson.

☆ INDIA RUPEE Rupee to inch up ahead of key US inflation data
▼ + stars: | 2023-04-12 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

The non-deliverable forwards indicate the rupee will open at around 82.06-82.10 to the U.S. dollar compared with 82.12 in the previous session. Heading into the data, investors are pricing in a 70% chance that the Fed will raise rates by 25 bps points at the May meeting. The India inflation data is due a few hours before the U.S. number. India's consumer inflation rate likely softened in March to 5.80%, dipping below the Reserve Bank of India's upper tolerance limit of 6% for the first time this year, according to a Reuters poll. "India inflation is way less important (than U.S.) for how the rupee will open tomorrow," the spot trader said.

[1/2] U.S. Rep. Jim Jordan (R-OH) is asked questions by a journalist as he walks to the House Chamber at the U.S. Capitol building in Washington, U.S., January 25, 2023. REUTERS/Leah MillisNEW YORK, April 11 (Reuters) - Manhattan District Attorney Alvin Bragg on Tuesday sued Republican U.S. Representative Jim Jordan to stop what Bragg called an "unconstitutional attack" on the ongoing criminal prosecution of former President Donald Trump in New York. The lawsuit aims to block a subpoena of Mark Pomerantz, a former prosecutor who had led the Manhattan district attorney's investigation of Trump. The subpoena, issued last week by the House of Representatives Judiciary Committee, which Jordan chairs, seeks Pomerantz's appearance before the committee for a deposition. Reporting by Luc Cohen in New York and Kanishka Singh in Washington; editing by Doina Chiacu and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

[1/3] Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley arrives for a campaign event in Dover, New Hampshire, U.S., March 27, 2023. REUTERS/Brian Snyder/File PhotoWASHINGTON, April 5 (Reuters) - Republican U.S. presidential candidate Nikki Haley has raised more than $11 million since declaring her candidacy in February, her campaign said on Wednesday, a significant sum that could help her expand her support in the coming months. It noted that Haley's fundraising figure exceeded the $9.5 million raised by rival Donald Trump in the fourth quarter of 2022, when he declared his candidacy for the 2024 Republican presidential nomination. "That's a very solid number and a testament to what a strong launch she had," Alex Conant, a Republican strategist, said of Haley's fundraising numbers.

☆ U.S., European Police Shut Down Hacker Marketplace, Make 119 Arrests
▼ + stars: | 2023-04-05 | by ( Kim S. Nash | ) www.wsj.com time to read: +4 min

The international action conducted Tuesday and Wednesday against Genesis Market, one of the largest so-called initial access brokers in the world, resulted in 119 arrests. The dismantling of Genesis Market follows the arrest last month of a man U.S. prosecutors say ran BreachForums, a site for buying and selling stolen data. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. The Treasury Department on Wednesday sanctioned Genesis Market, a so-called initial access broker in operation since 2018. Genesis Market data was provided to the website Have I Been Pwned, so individuals can check whether their credentials have been compromised.

☆ North Korea says U.S.-South Korea drills push tension to 'brink of nuclear war'
▼ + stars: | 2023-04-05 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

Yonhap via REUTERS/File PhotoSEOUL, April 6 (Reuters) - North Korea on Thursday accused the U.S. and South Korea of escalating tensions to the brink of nuclear war through their joint military drills, vowing to respond with "offensive action," state media KCNA reported. KCNA released a commentary by Choe Ju Hyon, whom it called an international security analyst, criticising the exercises as "a trigger for driving the situation on the Korean peninsula to the point of explosion." "Now the international community unanimously hopes that the dark clouds of a nuclear war hanging over the Korean peninsula will be removed as early as possible," it added. "The drills have turned the Korean peninsula into a huge powder magazine which can be detonated any moment," it added. North Korea has reacted furiously to the exercises, calling them a rehearsal for invasion.

☆ Cutting ties: Can U.S. business distance itself with China?
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCutting ties: Can U.S. business distance itself with China? Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Malcolm Nance, Terror Asymmetrics Project, joins the show to discuss growing tensions between the U.S. and China.

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