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☆ Golf’s new Saudi deal presents questionable political, business and sporting realities
▼ + stars: | 2023-06-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

And the deal is also undeniably a great piece of business, assuming PGA Tour players accept it. And all pending litigation between LIV Golf and the PGA Tour was also mutually ended under the new agreement. He “co-opted the 9/11 community last year in the PGA’s unequivocal agreement that the Saudi LIV project was nothing more than sports washing of Saudi Arabia’s reputation,” the group said in a statement. Unresolved sporting conundrumsThere are as many sporting questions about the PGA Tour/LIV Golf partnership that remain unanswered. Then there is the question of how current PGA Tour members will respond.

Persons: LIV Golf, Arnold Palmer, Jamal Khashoggi, Prince Mohammed bin Salman, –, LIV –, Jay Monahan, Monahan, ”, “, Saudi LIV, ” Monahan, Dustin Johnson, Phil Mickelson, Patrick Reed, Cam Smith, Donald Trump, LIV, Trump, Khashoggi, ” Trump, Joe Biden, Antony Blinken, Tuesday’s LIV, Qataris, Cristiano Ronaldo, Karim Benzema, ” Yasir Al, Rumayyan, of Famer Greg Norman, Collin Morikawa, Mickelson, Alan Shipnuck, Shipnuck Organizations: CNN, PGA, Saudi, Post, Premier League, Global, Families United, Saudi shills, Crown, Formula One, NBA, Tour, Qatar, Soccer, Manchester City, United, Newcastle, Indian Premier League, Al, Real, Saudi Public Investment, “, Saudi Public Investment Fund, CNBC, of Famer, Open, Twitter Locations: Washington, Saudi, Qaeda, Riyadh, China, Western Europe, East, India, United Arab Emirates, Saudi Arabia, Ittihad, Real Madrid, French

An announcement by the PGA Tour declared a partnership with the Saudi-backed LIV Golf, as well as the DP World Tour, unifying the trio under a new, yet-to-be-named, commercial entity. An eight-time winner on the PGA Tour and the 2020 US Open champion, DeChambeau’s move was a huge coup for LIV Golf. Yet many of the game’s biggest stars stayed put, with several becoming outspoken critics of LIV Golf. The latter purportedly turned down a $700 - $800 million offer to join the breakaway series, according to LIV Golf CEO Greg Norman. “I do feel bad for the PGA Tour players because they were told one thing and something else happened.

Persons: Bryson DeChambeau, “, LIV, DeChambeau, DeChambeau’s, LIV Golf, Rory McIlroy, Tiger Woods, Greg Norman, CNN’s Kaitlan Collins, ” DeChambeau, it’s, Suhaimi Abdullah, Saudi Arabia’s, LIV Golf’s, Mohammed bin Salman, Jamal Khashoggi, Bin Salman, Quizzed, Collins, “ I’m, I’m, ” Bryson, Brett Eagleson, Maddie Meyer, ” Organizations: CNN, PGA Tour, Saudi Arabia’s Public Investment Fund, PGA, “, LIV, Sentosa Golf Club, Saudi, Congress, United, America, Getty Locations: Saudi, Singapore, Saudi Arabia, Washington, al Qaeda

☆ PGA Tour-LIV deal leaves golf world facing plenty of unknowns
▼ + stars: | 2023-06-07 | by ( Frank Pingue | ) www.reuters.com time to read: +4 min

But while they could one day find themselves members of the PGA Tour again, those who joined LIV Golf may get a frosty welcome from those competing on the U.S.-based circuit. The people that left the PGA Tour irreparably harmed this Tour, started litigation against it," world number three McIlroy said on Wednesday. Another unknown is how the golf calendar will look under the framework of the merger or whether the LIV Golf League team-based competition will even exist after its 2023 season. Typically, a resigned player who wants to rejoin the DP World Tour for the 2023 season would have had to give their notification by May 1 of this year. DP World Tour CEO Keith Pelley said subsequent requests would require proof of an exceptional circumstance to be allowed, something he said would "be difficult and highly unlikely that that would happen."

Persons: LIV, Rory McIlroy, Phil Mickelson, Brooks Koepka, Dustin Johnson, Cam Smith, McIlroy, that's, LIV Golf, Greg Norman's, Tiger Woods, Norman, Jay Monahan, Monahan, Keith Pelley, Frank Pingue, Toby Davis Organizations: PGA, Saudi Arabia Public Investment Fund, Hall of Fame, PGA Tour, LIV Golf, LIV Golf League, Saudi, European, European Ryder, U.S, PGA of America, Ryder Cup Europe, Thomson Locations: Saudi, Toronto, Rome

☆ Who wins in the PGA-LIV tie-up? Hint: It’s not the golfers
▼ + stars: | 2023-06-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

A bit of background for the uninitiated:Men’s pro golf in North America has been dominated by the PGA Tour for decades. Last year, the Saudi sovereign wealth fund spent an estimated $2 billion to form a rival league, LIV Golf, to challenge PGA’s dominance. LIV attracted many of the sport’s top players away from the PGA Tour and Europe’s DP World Tour by offering more prize money. A long legal battle followed, and LIV golfers were banned from established tours. It is pronounced like “live.” As in, “Please don’t kill me, I want to live.”Oh, yeah — that brings me to the whole “why you should care” bit, and why many pro golfers and fans are apoplectic over the tie-up.

Persons: CNN Business ’, LIV Golf, LIV, “ LIV ”, Jamal Khashoggi, sportswashing, Phil Mickelson, Greg Norman, soccer’s Cristiano Ronaldo —, Chris Isidore, Bloomberg, it’s, ”, Peter Coy, “, you’ll Organizations: CNN Business, New York CNN, PGA Tour, PGA, Bloomberg, US Justice Department, Tour, US Federal Trade Commission, New York Times Locations: New York, North America, Saudi, Saudi Arabia

☆ ‘The Girl from Ipanema’ singer Astrud Gilberto dies at 83
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: +6 min

Astrud Gilberto, the Brazilian singer, songwriter and entertainer whose off-hand, English-language cameo on "The Girl from Ipanema" made her a worldwide voice of bossa nova, has died at age 83. "The Girl from Ipanema," the wistful ballad written by Antônio Carlos Jobim and Vinícius de Moraes, was already a hit in South America. In a 2002 interview with friends posted on her web site, Astrud Gilberto remembered her husband saying he had a surprise for her at the recording studio. "When we were finished performing the song, Joao turned to Stan, and said something like: 'Tomorrow Astrud sing on record… What do you think?' Astrud Gilberto sings "The Girl from Ipanema" in a light, affectless style that influenced Sade and Suzanne Vega among others, as if she had already moved on to other matters.

Persons: Astrud Gilberto, Paul Ricci, Gilberto, " Getz, Stan Getz, João Gilberto, Antônio Carlos Jobim, Vinícius de Moraes, Getz, Creed Taylor, Stan, Joao, Sade, Suzanne Vega, Norman Gimbel, de Moraes, Heloísa Eneida Menezes Paes Pinto, Taylor, Weinert, Tom Jobim, Bené Nunes, Luis Bonfá, João Donato, João Marcelo Gilberto, Gregory Lasorsa, Chet Baker, George Michael Locations: Brazilian, Ipanema, Salva dor, Bahia, Rio de Janeiro, South America, Brazil

☆ Far-right House Republicans just sent gas stove bills up in flames — and it's a warning shot at Kevin McCarthy
▼ + stars: | 2023-06-06 | by ( Sarah Gray | ) www.businessinsider.com time to read: +4 min

Far-right House members are not pleased with House Speaker Kevin McCarthy's debt ceiling compromise. Eleven conservative GOP members nuked McCarthy's bans on banning gas stoves, sending his plans up in flames. The Gas Stove Protection and Freedom Act would have barred the Consumer Product Safety Commission from using federal funds to regulate gas stoves or issue safety guidance that would ban them or make them more expensive. To peel back the layers here: The folks who have championed gas stoves versus induction stoves in the culture wars voted against H.Res. 463 — a procedural vote to establish rules on a floor vote for two gas stove-related bills — to punish McCarthy.

Persons: Kevin, —, Kevin McCarthy, nuked, McCarthy, Matt Gaetz, Chip Roy, Matt Rosendale, Rob Bishop, Ken Buck, Lauren Boebert, Eli Crane, Andy Biggs, Tim Burchett, Ralph Norman, Bob Good, Steve Scalise, Caucus —, Gaetz, Farnoush Amiri Organizations: Service, Caucus, Gas, Protection, Product Safety, US Department of Energy, Biden White, H.Res, NBC, North Carolina Rep, Colorado, Colorado Rep, Arizona, Tennessee, South Carolina Rep, House Republicans, Gaetz Locations: Florida, Texas, Montana, Arizona, Virginia

☆ Astrud Gilberto, Who Shot to Fame With ‘The Girl From Ipanema,’ Dies at 83
▼ + stars: | 2023-06-06 | by ( Jim Farber | ) www.nytimes.com time to read: +1 min

Astrud Gilberto, whose soft and sexy vocal performance on “The Girl From Ipanema,” the first song she ever recorded, helped make the sway of Brazilian bossa nova a hit sound in the United States in the 1960s, died on Monday. Ms. Gilberto enjoyed a four-decade recording career, recording albums with celebrated musicians like James Last and Gil Evans as well as working with George Michael, Chet Baker and others. But her biggest success came with “The Girl From Ipanema,” written by Antonio Carlos Jobim and Luiz Bonfa, with English lyrics by Norman Gimbel. When Ms. Gilberto recorded that song, she was married to João Gilberto, the Brazilian singer and guitarist often referred to as the father of the bossa nova. In 1963, the two of them traveled from Rio de Janeiro to New York City, where he was set to record a joint album with the jazz saxophonist Stan Getz, who had already released three albums that mixed jazz with samba and bossa nova.

Persons: Astrud Gilberto, Paul Ricci, Gilberto’s, Marcelo, “, Gilberto, James Last, Gil Evans, George Michael, Chet Baker, Antonio Carlos Jobim, Luiz Bonfa, Norman Gimbel, Ms, João Gilberto, Stan Getz Organizations: Facebook Locations: United States, Brazilian, Rio de Janeiro, New York City

☆ Missiles Kill Three in Kyiv as Russia Claims to Thwart New Border Incursion
▼ + stars: | 2023-06-01 | by ( Ian Lovett | Laurence Norman | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: kyiv, russia

☆ McCarthy's moment: Debt ceiling vote secures Republican US House speaker's standing
▼ + stars: | 2023-06-01 | by ( David Morgan | ) www.reuters.com time to read: +7 min

"Keep underestimating us and we'll keep proving to the American public that we'll never give up," McCarthy told reporters after the vote. But in getting the April measure passed, House Republicans became the only body in Washington that had acted to raise the debt ceiling. "Speaker McCarthy's done an incredible job," said Representative Marjorie Taylor Greene, a member of the hardline Republican House Freedom Caucus. "This is where the honeymoon can definitely end," said Republican strategist Ron Bonjean, a one-time aide to former House Speaker Dennis Hastert. Asked this week whether he expects to keep his speakership, McCarthy told a reporter: "What do you think?

Persons: Kevin McCarthy, Joe Biden, McCarthy, Biden, we'll, Dusty Johnson, haven't, Johnson, wouldn't, Donald Trump, Trump, Republican Mitch McConnell, McConnell, Rohit Kumar, Mitch McConnell, Julia Nikhinson, Shalanda Young, McCarthy's, Marjorie Taylor Greene, Patrick McHenry, Garret Graves, Ralph Norman, Norman, that's, John Boehner, Ron Bonjean, Dennis Hastert, I'm, Kelly Armstrong, David Morgan, Steve Holland, Gram Slattery, Jason Lange, Scott Malone, Suzanne Goldenberg Organizations: U.S . House, Republican, Democratic, Democrats, White House, Reuters, Republicans, House Republicans, U.S, Capitol, REUTERS, House, Caucus, White, Thomson Locations: Washington, Washington . U.S, U.S, Washington , U.S

☆ McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing
▼ + stars: | 2023-06-01 | by ( David Morgan | ) www.reuters.com time to read: +7 min

But in getting the April measure passed, House Republicans became the only body in Washington that had acted to raise the debt ceiling. The White House, for its part, contends that the talks between Biden and McCarthy were not a negotiation on the debt ceiling. "Speaker McCarthy's done an incredible job," said Representative Marjorie Taylor Greene, a member of the hardline Republican House Freedom Caucus. "This is where the honeymoon can definitely end," said Republican strategist Ron Bonjean, a one-time aide to former House Speaker Dennis Hastert. Asked this week whether he expects to keep his speakership, McCarthy told a reporter: "What do you think?

Persons: Kevin McCarthy, Joe Biden, McCarthy, Biden, Dusty Johnson, haven't, Johnson, wouldn't, Donald Trump, Trump, Republican Mitch McConnell, McConnell, Rohit Kumar, Mitch McConnell, Shalanda Young, McCarthy's, Marjorie Taylor Greene, Patrick McHenry, Garret Graves, Ralph Norman, Norman, that's, John Boehner, Ron Bonjean, Dennis Hastert, I'm, Kelly Armstrong, David Morgan, Steve Holland, Jason Lange, Scott Malone, Suzanne Goldenberg Organizations: U.S . House, Republican, Democratic, Democrats, White House, Reuters, Republicans, House Republicans, House, Caucus, White, Thomson Locations: Washington

“Clean, clean, clean,” he told CNN in April, referencing the push for a clean debt ceiling resolution. He then later forced President Joe Biden to negotiate a debt limit suspension with spending cuts. “I think the Republican House caucus is willing to go to default,” said Rep. Ted Lieu, a California Democrat. A fired-up Buck, who opposed the debt limit deal, told reporters that he has received calls from constituents about removing McCarthy from the speakership. Now he says he would let us look at the document,” McCarthy told reporters.

Persons: Chuck Schumer, ”, Kevin McCarthy, McCarthy, Joe Biden, Biden, “, ebullient McCarthy, underestimating, ” McCarthy, Schumer, we’ve, ” Schumer, Ted Lieu, Ken Buck, McCarthy “, Buck, McCarthy’s speakership, Chip Roy, Dan Bishop, Scott Perry, speakership –, he’s, Ralph Norman, what’s, “ We’ve, you’ve, Wray, James Comer, Comer, Alejandro Mayorkas, Marjorie Taylor Greene Organizations: CNN, GOP, House Republicans, White, Republican, California Democrat, Republicans, Texas Republican, North Carolina Republican, Caucus, Pennsylvania Republican, South Carolina Republican, FBI, Homeland Security, Rep, Georgia Republican Locations: California, Colorado, Pennsylvania

☆ Iran Expands Stockpile of Highly Enriched Uranium
▼ + stars: | 2023-05-31 | by ( Laurence Norman | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: iran

That vote underscored the need for Democrats to help pass the measure in the House, which is controlled by Republicans with a narrow 222-213 majority. The Congressional Budget Office also said the measure, if enacted into law, would reduce interest on the public debt by $188 billion. Many Democrats in Congress did not want Biden to engage in budget-cutting negotiations with Republicans until they lifted their hold on enacting a debt limit bill. Jacquelyn Martin/Pool via REUTERS/File PhotoWhite House Budget Director Shalanda Young, who was one of Biden's lead negotiators, urged Congress to pass the bill. The debt-ceiling standoff prompted ratings agencies to warn that they might downgrade U.S. debt, which underpins the global financial system.

Persons: Joe Biden, Kevin McCarthy, Chip Roy, Ralph Norman, Biden, McCarthy, we've, Wednesday's, Hakeem Jeffries, Calif, Jacquelyn Martin, Shalanda Young, Biden's, Young, Republican Mike Lee, White, Moira Warburton, David Morgan, Richard Cowan, Steve Holland, Gram Slattery, Scott Malone, Mark Porter, Matthew Lewis, Gerry Doyle, Himani Organizations: Republicans, Senate, Treasury Department, Treasury, Congressional, Republican, Democratic, Capitol, Internal Revenue Service, Thomson Locations: U.S, Washington

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ukraine-and-allies-plan-peace-summit-without-russia-72341551

McCarthy called the bill the "most conservative deal we've ever had." The pair, Representatives Chip Roy and Ralph Norman, said they may vote against it if it is not changed to their liking. "I think it's important to keep in mind the debt limit bill itself does not spend money," he wrote on Twitter. A successful vote there would set up a vote by the full House on Wednesday. The debt-ceiling standoff prompted ratings agencies to warn that they might downgrade U.S. debt, which underpins the global financial system.

Persons: Joe Biden, Kevin McCarthy, Calif, Jacquelyn Martin, McCarthy, we've, Chip Roy, Ralph Norman, Roy, MASSIE, Thomas Massie, Biden, Hakeem Jeffries, Jeffries, Republican Mike Lee, White, Moira Warburton, David Morgan, Richard Cowan, Gram Slattery, Andy Sullivan, Scott Malone, Matthew Lewis, Mark Porter Organizations: Capitol, WASHINGTON, Republican, Democratic, U.S . Treasury Department, Republicans, Twitter, Top, Internal Revenue Service, Thomson Locations: Washington

☆ The Venice Architecture Biennale puts Africa center stage
▼ + stars: | 2023-05-30 | by ( Marianna Cerini | ) edition.cnn.com time to read: +11 min

Venice, Italy CNN —Until recently, the Venice Architecture Biennale — arguably the world’s largest architecture exhibition — has drawn crowds for its (mainly Western) star appeal. In a May 20 Facebook post titled “Venice Biennale Blues,” Zaha Hadid Architects’ principal, Patrik Schumacher, wrote that “the ‘Architecture’ Biennale is mislabeled and should stop laying claim to the title of architecture. The German pavilion, which is displaying construction waste produced by 2022’s Venice Art Biennale is a case in point. The German Pavilion at the 18th Architecture Biennale is displaying and repurposing constuction waste from the city's Art Biennale last year. The British Pavilion curators Meneesha Kellay, Joseph Henry, Jayden Ali and Sumitra Upham, with commissioner Sevra Davis, photographed in London.

☆ Debt Limit Bill Heads to Key Committee in First Test of G.O.P. Support
▼ + stars: | 2023-05-30 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

If they are joined by another Republican on the committee, they could sideline the agreement before it even reaches the floor. A third ultraconservative on the panel, Representative Thomas Massie of Kentucky, is considered a potential ally of Mr. Roy and Mr. Norman but has shown receptiveness to the debt limit deal. Lawmakers are generally expected to back bills they had a hand in writing, even if they object to other aspects. “This debt deal arguably puts us on a better footing to do the appropriations process properly,” Mr. Massie said on Twitter on Monday. members backing the bill could also look to Democrats on the panel for support for the measure.

☆ What happens next with debt deal? Wall Street economists gauge the odds on passage from here
▼ + stars: | 2023-05-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

An agreement on the United States' debt ceiling doesn't necessarily mean a smooth path to President Joe Biden's desk. Several Wall Street economists agree the deal will likely get signed, but not without some bumps along the way. House Committee on Rules meeting Before the legislation reaches the House for a vote, it must go through the 13-member House Committee on Rules — nine Republicans and four Democrats. "If all three vote against and no Democrat votes in favor, the bill will fail," Hatzius wrote in a Monday note. Tight House vote It's expected to be a tight vote in the House.

CNN —House Speaker Kevin McCarthy helped secure a debt limit deal – now he has to secure its passage in the House, with little room for error and a looming threat to his speakership. In a win for McCarthy, a key Republican said he expects to support a rule to set parameters for debate. The powerful House Rules Committee must still vote to adopt the rule, but with that anticipated support, it is now on track to do so — a hurdle that must be cleared before the bill can come to the House floor for a final vote. If he did not support the rule, the debt limit bill may have been unable to advance to the House floor. Roy and Norman have both emerged as leading critics of the bipartisan debt limit bill.

Persons: Kevin McCarthy, –, McCarthy, “, it’s, Thomas Massie, Massie, Chip Roy, Texas, Ralph Norman of, Carolina –, Roy, Norman, ” Massie, Glenn Beck, can’t, Jim Jordan, Ohio, he’s, McCarthy’s, ”, Patrick McHenry, ” McHenry, “ I’m, McHenry Organizations: CNN —, GOP, Treasury Department, CNN, Republican Locations: Kentucky, Carolina

Florida Governor Ron DeSantis, a candidate for the Republican 2024 presidential nomination, said the deal does not do enough to change the fiscal trajectory. "After this deal, our country will still be careening toward bankruptcy," he said on Fox News. There's no question about that," said Republican Representative Dusty Johnson, who said he had talked to dozens of fellow lawmakers. Some $4 trillion in debt for - at best - a two-year spending freeze and no serious substantive policy reforms," Roy wrote on Twitter. McCarthy has predicted it will draw the support of most of his fellow Republicans, who control the House 222-213.

☆ Republican tries to scuttle debt limit bill in House Rules Committee as pressure grows on key swing vote
▼ + stars: | 2023-05-29 | by ( Manu Raju | ) edition.cnn.com time to read: +4 min

That would essentially doom the debt ceiling bill since Roy – who sits on the panel – and another conservative committee member are trying to stop the bill from advancing. A third conservative who sits on the panel – Massie – has been mum about how he plans to handle the rule vote in committee. But in January, Massie told CNN he was reluctant to vote against rules to stop bills in their tracks. “And when I checked, there wasn’t a rule that something has to come out of Rules Committee unanimously. “I think that comment was that it had to be unanimous to come out of the Rules Committee to go to the floor is the tweet that I read.

☆ Biden and McCarthy lean on holdouts in both parties to pass debt ceiling deal
▼ + stars: | 2023-05-29 | by ( Kevin Liptak | ) edition.cnn.com time to read: +5 min

The bill caps non-defense spending, temporarily expands work requirements for some food stamp recipients and claws back some Covid-19 relief funds. Speaking from the White House on Sunday, Biden hailed the agreement as critical to preventing economic disaster. But like Biden, McCarthy acknowledged the agreement required concessions from both sides. Dusty Johnson said on “State of the Union.”Passing the bill through the House will not be the final step. On Sunday, a handful of powerful Senate Republicans had raised concerns about the deal’s defense spending during a Senate GOP conference call, a source on the call said.

☆ Republicans speak out against U.S. debt-ceiling deal, in sign of rocky road ahead
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: +5 min

Florida Governor Ron DeSantis, a candidate for the Republican 2024 presidential nomination, said the deal does not do enough to change the fiscal trajectory. "After this deal, our country will still be careening toward bankruptcy," he said on Fox News. There's no question about that," said Republican Representative Dusty Johnson, who said he had talked to dozens of fellow lawmakers. McCarthy has predicted it will draw the support of most of his fellow Republicans, who control the House 222-213. Most of the savings would come by capping spending on domestic programs like housing, border control, scientific research and other forms of "discretionary" spending.

☆ Quite a few Republican representatives are not happy with the debt ceiling deal, and one vowed not to 'bankrupt our country'
▼ + stars: | 2023-05-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement on the debt ceiling. At least two Republican representatives say they will not vote for the agreement. Several Republican representatives say they're unhappy with the debt ceiling deal after the White House and House Speaker reached a tentative agreement Saturday night. Norman, of South Carolina, called the deal "insanity" in a tweet and said a debt ceiling increase with "virtually no cuts" was not what had been agreed. Ralph Norman (@RepRalphNorman) May 28, 2023Buck, of Colorado, said he's "appalled" by the "surrender" to raise the debt ceiling.

☆ Gold hits 2-month low on debt talks progress, rate hike bets
▼ + stars: | 2023-05-25 | by ( ) www.cnbc.com time to read: +2 min

A one kilogram gold bar sits on top of silver bars at London bullion dealers Gold Investments in London, United Kingdom, on April 4, 2013. Gold slid to its lowest in two months on Thursday as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fueled bets of another rate hike by the Federal Reserve. Spot gold was 0.6% down at $1,944.45 per ounce, having hit its lowest since March 22. White House and Republican negotiators made some progress in late-night talks over raising the debt ceiling, top congressional Republican Kevin McCarthy said. "A rather impressive round of economic data suggests this economy is still showing so much resilience ... the argument for possibly delivering another rate hike is gaining steam here," Moya added.

Persons: Gold, Kevin McCarthy, Edward Moya, Moya, Ross Norman Organizations: London, Investments, Federal Reserve, White House, Republican, OANDA, Fed Locations: London, United Kingdom

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