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TALLINN, June 20 (Reuters) - Estonia's parliament approved on Tuesday a law to legalise same-sex marriage, making it the first central European country to do so. Same-sex marriage is legal in much of western Europe but not in central European countries which were once under communist rule and members of the Moscow-led Warsaw Pact alliance but now members of NATO and, largely, the EU. In the largely secular Baltic country of 1.3 million, 53% of the population supported same-sex marriage in a 2023 poll by the Centre for Human Rights. Same-sex marriage is opposed by the ethnic-Russian minority, which constitutes a quarter of the country, with only 40% of them supporting it. Latvia and Lithuania, the other two Baltic countries which were previously annexed by the Soviet Union, have same-sex partnership bills stuck in their parliaments.
Persons: Kaja Kallas, Kallas, Tomas Jermalavicius, Janis Laizans, Terje Solsvik, Ed Osmond Organizations: NATO, Reuters, Centre for Human Rights, Gay, International Centre for Defence, Security, Andrius Sytas, Thomson Locations: TALLINN, Europe, Moscow, Warsaw, EU, Baltic, Estonia, Latvia, Lithuania, Soviet Union, Tallinn, Andrius, Vilnius
The deal to suspend the $31.4 trillion debt ceiling until January 2025 holds non-defense discretionary spending largely flat this year, with a 1% increase in fiscal 2024. SOCIAL SECURITY, MEDICARE OFF LIMITSIn their debt limit negotiations, both President Joe Biden and House of Representatives Speaker Kevin McCarthy vowed not to touch the main driver of U.S. debt: rising Social Security pension and Medicare health benefit costs. Debt-ceiling negotiations spared cuts to mandatory spending like Medicare, Medicaid and Social Security even though these programs cost more than discretionary spending. CBO projects the government will spend $6 trillion on mandatory spending programs in the 2033 fiscal year, up from $4.1 trillion this year. But the plan failed when then-president Barack Obama declined to endorse it, setting up Congress for the debt ceiling battle of 2011.
Persons: Joe Biden, Kevin McCarthy, Julia Nikhinson, Dennis Ippolito, you've, Nigel Chalk, Biden, Brian Riedl, Linda Bilmes, Bowles, Barack Obama, Bilmes, David Lawder, Andy Sullivan, Heather Timmons, Nick Zieminski Organizations: White, REUTERS, WASHINGTON, Republicans, Defense, Southern Methodist University, Congressional Budget Office, Security, Social Security, CBO, International Monetary Fund, Reuters, Democratic, Western Hemisphere Department, IMF, Manhattan Institute, Harvard Kennedy School, Commerce Department, Simpson, Thomson Locations: United States, Washington , U.S, U.S, Washington
Though the showdown unnerved investors and prompted threats of a second U.S. debt downgrade in a little over a decade, proposals to abolish the debt ceiling have gained little traction in Congress in recent years. But Democrats did not try to abolish the debt ceiling when they controlled the White House and both chambers of Congress in 2021 and 2022. 'OUTLIVED ITS USEFULNESS'Some budget hawks who previously supported the debt ceiling now argue that the growing dysfunction in Washington has made the risk of default too great. Absent those reforms, many budget experts say the debt ceiling is the only way to force some sort of fiscal restraint. "I would never just drop the debt ceiling and do nothing else in its stead.
Persons: we've, Mike Rounds, Janet Yellen, Steve Ellis, We're, Bill Foster, Barack Obama, Brian Riedl, Riedl, MacGuineas, Andy Sullivan, David Morgan, Scott Malone, Chizu Organizations: Republicans, Democratic, White, Republican, Taxpayers, Democrats, Congress, Biden, Manhattan Institute, Center, Budget, Thomson Locations: U.S, Washington, United States, Denmark
WASHINGTON, June 1 (Reuters) - The bipartisan debt-ceiling deal that could clear Congress as soon as Thursday would stave off an imminent U.S. default, but might deliver less budget savings than Republicans have hoped for, according to nonpartisan budget analysts. The agreement ensures that President Joe Biden will not have to grapple with another debt-ceiling showdown until after the November 2024 election. That is less than the $4.8 trillion Republicans had initially sought, but still the largest deficit-reduction package since a 2011 deal that emerged from a similar debt-ceiling showdown. That would put more $1 trillion of the deal's anticipated savings at risk, according to the Penn Wharton Budget Model, a research group. The deal increases spending on defense and veterans' care, even as it aims to clamp down on other discretionary programs.
Persons: Joe Biden, Kevin McCarthy, MacGuineas, Biden, Veronique de Rugy, George Mason University's, Penn Wharton, McCarthy, Emily Gee, Andy Sullivan, Scott Malone, Alistair Bell Organizations: Penn Wharton Budget, White, Internal, Service, Office, Republican, SNAP, Social Security, Center for American, Thomson Locations: U.S, Washington
Representative Stephanie Bice, a Republican vote counter, said she was confident it would pass. "I think it's important to keep in mind the debt limit bill itself does not spend money," he wrote on Twitter. At least one, Representative Mary Gay Scanlon, is a member of a moderate group that supports the deal. The debt-ceiling standoff prompted ratings agencies to warn they might downgrade U.S. debt, which underpins the global financial system. Reporting by Moira Warburton and Andy Sullivan; Editing by Kieran Murray and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
VILNIUS, May 29 (Reuters) - Latvians woke up to go to work on Monday morning, only to find they didn't have to. Their parliament had met at midnight to declare a holiday after the national ice hockey team chalked up its best-ever result at the world championship. Latvia, where hockey is the national sport, was co-hosting the men's championship with Finland, and the Latvians' extra-time victory over the U.S. for third place was greeted with wild jubilation. At quarter to midnight on Sunday, sporting red and white national team jerseys, members of parliament convened for a ten-minute session to unanimously declare the holiday. The bill was introduced by a smiling member of parliament with her face painted in the colours of the national flag.
Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." WHERE DOES THE WHITE HOUSE STAND ON THE 14TH AMENDMENT? HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have said that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.
Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." WHERE DOES THE WHITE HOUSE STAND ON THE 14TH AMENDMENT? HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have said that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.
LAKE CHARLES, La., May 18 (Reuters) - In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. As a member of the hard-right Freedom Caucus, Higgins was an early advocate for dramatic spending cuts, many of which ended up in the House bill. He hopes the spending cuts backed by Higgins won't affect local efforts to provide affordable housing. When it comes to spending, Higgins has been a solid "no" in Washington. For some local residents, Higgins' push for spending cuts in the face of so much need remains incomprehensible.
LAKE CHARLES, La., May 18 (Reuters) - In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. As a member of the hard-right Freedom Caucus, Higgins was an early advocate for dramatic spending cuts, many of which ended up in the House bill. He hopes the spending cuts backed by Higgins won't affect local efforts to provide affordable housing. When it comes to spending, Higgins has been a solid "no" in Washington. For some local residents, Higgins' push for spending cuts in the face of so much need remains incomprehensible.
The poll found that 76% of Americans said the two sides must reach a deal because a default would put added financial stress on families like theirs. That included 84% of self-described Democrats and 77% of self-described Republicans. Some 49% said Congress needs to quickly raise the debt ceiling without conditions to avert default, echoing Biden's position. But 51% of Americans said the debt ceiling should not be raised without substantial spending cuts - the position held by Republicans who hold a majority in the House of Representatives. That view was held by 69% of Republicans and 42% of Democrats, the poll found.
Walmart de Mexico (Walmex) (WALMEX.MX) in April said it had bought Trafalgar, a payment app, to compete in a market dominated by Grupo Salinas' Baz, Oxxo's (FEMSAUBD.MX) Spin and MercadoPago of MercadoLibre (MELI.O). Executives at the Walmart unit expect the deal to "unlock Cashi's potential," starting with transfers, withdrawals and remittances while keeping open the option of loans and other financial services in the future. "We want to be the best financial services application in Mexico, and that requires constant investment," Marcelino Herrera, Walmex senior vice president of financial services, told Reuters. Walmart plans over $15 billion in capital expenditures for automation and alternate revenue streams in 2023, including its ad business, third-party marketplace, and deliveries. SYNERGIESWalmart has not defined fintech as a top investment priority but has poured money into it over the past year.
[1/5] Teacher Inese Rudzite stands in front of Russian citizens during the Latvian language learning class in Riga, Latvia May 2, 2023. Speaking Russian instead of Latvian has not been a problem until now, but the war in Ukraine changed the picture. He said the test was needed because Russian authorities justified their invasion of Ukraine by the need to protect Russian nationals abroad. "I think that learning Latvian is right, but this pressure is wrong," Sevastjanova said. But now I end up learning Latvian instead.
The United States could run out of money to pay its bills as soon as June 1 if Congress does not raise its self-imposed $31.4 trillion debt ceiling, according to Treasury Secretary Janet Yellen. Democrats say they might try to pass a "clean" debt ceiling hike, but that would be unlikely to win enough Republican votes for passage. The centerpiece of the House Republican plan would scale back a wide swath of annual government spending to last year's levels, a cut of about 8%, and cap its growth by 1% each year after that. The Republican plan does not specify how individual programs would fare. Democrats have argued that domestic spending would take the biggest hit, as Republicans would try to protect military and veterans programs.
If Congress fails to act, some legal experts say Democratic President Joe Biden has another option to avert a crisis: Invoke the 14th Amendment to the U.S. Constitution to ensure the United States can continue to pay its bills. Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have warned that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.
[1/2] Solar panels are built at the QCells solar energy manufacturing factory in Dalton, Georgia, U.S., March 2, 2023. The Inflation Reduction Act, which passed last year without a single Republican vote, is a signature Biden accomplishment and offers $369 billion investment to address climate change. This includes $270 billion in tax incentives. Republicans have portrayed the tax credits as a distortion of the free market that gives unfair advantage to clean-energy producers over fossil fuels. Frisone, of CZAR-Power, said he plans to call Republican officeholders to make his case, adding, "This is a political stunt -- why are we doing it?"
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.
[1/4] Robert F. Kennedy Jr. delivers a speech announcing his candidacy for the Democratic presidential nomination in Boston, Massachusetts, U.S., April 19, 2023. REUTERS/Brian SnyderApril 19 (Reuters) - Anti-vaccine activist Robert F. Kennedy Jr., a member of a storied U.S. political dynasty, announced on Wednesday a long-shot bid to challenge incumbent President Joe Biden for the 2024 Democratic presidential nomination. He is the nephew of former President John F. Kennedy, who was assassinated in 1963, and the son of former U.S. Senator Robert F. Kennedy, who was assassinated in 1968 during his own presidential bid. During the COVID-19 pandemic, Kennedy criticized social-distancing requirements and vaccine mandates.
April 19 (Reuters) - Anti-vaccine activist Robert F. Kennedy Jr., a member of a storied U.S. political dynasty, is due to announce on Wednesday a long-shot bid to challenge incumbent President Joe Biden for the 2024 Democratic presidential nomination. He is the nephew of former President John F. Kennedy, who was assassinated in 1963, and the son of former U.S. Senator Robert F. Kennedy, who was assassinated in 1968 during his own presidential bid. During the COVID-19 pandemic, Kennedy criticized social-distancing requirements and vaccine mandates. Kennedy said on Twitter last month that he was considering a presidential run to "end the corrupt merger between state and corporate power."
But unspent COVID aid is a small target, with less than $80 billion unspent as of January, White House budget figures show. CARPENTERS, VETERANS AND MEDICAL RESEARCHReclaiming unspent COVID funds would have real-world repercussions. A clawback could also affect veterans' healthcare, as the Department of Veterans Affairs has yet to spend $4.6 billion of the money it received for COVID-19 related care. Republican governors of Nebraska and Arkansas last year rejected a second round of aid for people behind on their rent. Republican Senator Rick Scott in January urged governors and mayors to voluntarily return that money to help pay down federal debt.
WASHINGTON, March 9 (Reuters) - U.S. President Joe Biden's budget proposal, released on Thursday, envisions a dramatic expansion of the federal safety net for children and families. Biden's fellow Democrats widely back his family-focused proposals: Tax credits, free preschool, subsidies for child care and paid family leave. Those two programs are due to balloon as the Baby Boom generation ages, with Biden's budget projecting they will account for 42% of federal spending in 2033, up from 34% today. Biden's budget proposal projects a deficit of $1.7 trillion for the current fiscal year. If revived, it would cost the government $259 billion in the next fiscal year -- equal to 4% of total federal spending.
The local unit of Canada's Xebra Brands (XBRA.CD) is the first company to obtain permits to cultivate, process, produce and market cannabis in Mexico, according to a statement from the firm. In its statement, Xebra Brands said it faces no restrictions where it can grow cannabis in Mexico, the size of cultivation facilities or processing volumes. "This represents an important moment for cannabis globally," Xebra Brands CEO Jay Garnett said in the statement. In an interview with Reuters in late 2021, the firm's former president said regulatory authorizations would position Mexico as the industry's most important North American player. Xebra Brands added it is actively looking for farm land and a site to build an extraction facility to produce CBD-rich hemp derivatives.
A spike in carjackings and an assault on Democratic Representative Angie Craig has stirred concerns about crime in the city in recent years. Police statistics show that homicides and gun crimes in Washington have nearly doubled since 2017, though crime has fallen overall. City council members say their law is the result of years of compromise and say the reduced penalties for crimes like carjacking and robbery reflect the actual sentences imposed by judges. But that argument has gotten little traction on Capitol Hill, where Republicans who represent rural areas have often clashed with leadership of the overwhelmingly Democratic city. Washington's city council, sensing defeat, withdrew its crime overhaul on Monday in an unsuccessful attempt to head of the Senate vote.
Josh Shapiro criticized Norfolk Southern — the rail company that had a train carrying toxic chemicals derail in East Palestine, Ohio — as "bad actors" who "failed miserably." They have a lot of work to do, and the cost will come out of their pocket." "And then, I think they have a responsibility going forward to make sure something like this never happens again," he added. “We have been paying for the cleanup activities to date and will continue to do so. And Shapiro's office announced earlier this month it filed a criminal referral in response to the crash.
In an interview with NBC News Monday, Pennsylvania Governor Josh Shapiro says he expects Senator John Fetterman to come back to the Senate and to “serve for a good long while.”Shapiro would be charged with naming an interim replacement should there be a vacancy and there would then be a special election in November 2024 to fill the rest of the term — a scenario that would put both of the state’s Senate seats on the ballot next year. When asked If there is a contingency plan in place in case Fetterman decides to step down, Shapiro said, “There is no contingency plan and it is 100% Senator Fetterman’s decision as to what he will do in the future.”Shapiro said he feels no pressure from inside the Democratic Party to push Fetterman to resign, nor does he feel pressure to push him to stay in the seat to benefit Democrats in the 2024 election. Fetterman checked himself into the hospital for treatment of “clinical depression” on February 16th. “I’m proud of Senator Fetterman for getting the help that he needs and I’m there for Gisele and their family. And I know the people of Pennsylvania I’ve talked to are encouraging him along to get the help that he needs.”Today the Senator’s team sent their first official update on his status since announcing his hospitalization.
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