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[1/5] Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, U.S., November 22, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNov 22 (Reuters) - Millions of Americans headed to the homes of friends and family on Wednesday, the day before the Thanksgiving holiday, on the busiest travel day since the pandemic, undeterred by a sprawling East Coast storm system that disrupted some flights and slowed traffic. Industry group Airlines for America forecast U.S. airlines would carry some 29.9 million passengers between Nov. 17 and Nov. 27. That figure would be an all-time high, 9% higher than last year and up 1.7 million passengers from the levels seen before the COVID-19 pandemic. Out West, a snowstorm in the northern and central Rocky Mountains and adjacent High Plans will likely affect Thanksgiving travel from Wednesday night through Friday, the weather service said.

Persons: Kevin Lamarque, Hopper, Abraham Lincoln, Daniel Trotta, Joseph Ax, Miral Fahmy, Jonathan Oatis Organizations: Washington Dulles International, REUTERS, Industry, Airlines, America, U.S . Transportation Security Administration, American Automobile Association, AAA, National Weather Service, Thomson Locations: Dulles , Virginia, U.S, East, COVID, Carolinas, Atlantic, New England, New Hampshire, Rocky

REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsNov 21 (Reuters) - A U.S. appeals court on Tuesday declared that Maryland's licensing requirements for people seeking to buy handguns were unconstitutional, citing a landmark U.S. Supreme Court decision last year that expanded gun rights. "Maryland has not shown that this regime is consistent with our nation's historical tradition of firearm regulation," U.S. Richardson called the Maryland law an "additional, preliminary step" that subjected law-abiding people to a 30-day waiting period before they could begin the usual process to acquire a firearm through a separate background check system. A spokesperson for Maryland Attorney General Andrew Brown, a Democrat who is defending the law in court, said his office was "weighing options for next steps in this case." Maryland had said its law mirrored historical limitations on "dangerous" people owning firearms.

Persons: Kevin Lamarque, Julius Richardson, Donald Trump, Richardson, Andrew Brown, preemptively, Barbara Milano Keenan, Barack Obama, Nate Raymond, Will Dunham, Alexia Garamfalvi Organizations: White, REUTERS, Supreme, Circuit, U.S, New York, Republican, Maryland, Democrat, Democratic, Thomson Locations: Montgomery County , Maryland, Washington , U.S, U.S, Richmond , Virginia, Maryland, New York, Boston

☆ Lifecore Biomedical Avoids U.S. Prosecution Over Alleged Mexico Bribes
▼ + stars: | 2023-11-20 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

A U.S. company won’t be prosecuted over alleged foreign bribery because it quickly tipped off the U.S. Justice Department. Photo: KEVIN LAMARQUE/REUTERSLifecore Biomedical , a pharmaceutical and medical device manufacturer, won’t face a U.S. bribery prosecution after coming forward to report a former subsidiary’s alleged illegal payments in Mexico. The U.S. Justice Department formally declined to charge Lifecore over bribes that a then newly acquired subsidiary allegedly paid to Mexican government officials, according to a so-called declination letter the Justice Department released Friday.

Persons: won’t, KEVIN LAMARQUE Organizations: U.S . Justice, REUTERS, Biomedical, The U.S . Justice Department, Justice Department Locations: U.S, Mexico, The

A day after meeting with Chinese leader Xi Jinping, President Biden said during a speech at the APEC CEO Summit that the U.S. is “de-risking and diversifying” its economic relationship with China, but “not decoupling.” Photo: Kevin Lamarque/ReutersSAN FRANCISCO—During a much-anticipated summit this week with Chinese President Xi Jinping aimed at resetting relations between the two powers, President Biden took a briefing from Jake Sullivan, his national security adviser, on a completely different topic: the swelling conflict in the Middle East. Israel’s fight against Hamas, a war in Ukraine that is slipping toward a stalemate and a tenuous detente with China are all competing for the president’s time with less than a year until the 2024 election. As Biden campaigns for a second term, the overlapping crises are complicating his bid to persuade U.S. voters he is focused on the domestic issues they care about most.

Persons: Xi Jinping, Biden, Kevin Lamarque, Jake Sullivan, Israel’s Organizations: APEC, Summit, Reuters, FRANCISCO, Hamas, U.S Locations: China, Ukraine

☆ Treasuries see first weekly outflow since Feb as investors buy stocks
▼ + stars: | 2023-11-17 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. Cash funds saw inflows of $20.5 billion, BofA said, and overall investors bought $2.6 billion in bonds, marking a sixth week of inflows. Outflows from emerging markets debt continued for the 16th week, with EM funds shedding $1.6 billion in the latest week. BofA's bull & bear indicator, a measure of market sentiment, rose marginally to 1.7 from 1.6, a contrarian "buy" signal, said BofA.

Persons: Kevin Lamarque, Cash, BofA, financials, Lucy Raitano, Amanda Cooper, Chizu Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Bank of America, Investors, Federal Reserve, Thomson Locations: Washington , U.S, U.S, United States, Europe

Chinese President Xi Jinping waves as he walks with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSAN FRANCISCO/HONG KONG, Nov 16 (Reuters) - When Chinese President Xi Jinping met executives for dinner on Wednesday night in San Francisco, he was greeted with not one, but three standing ovations from the U.S. business community. All three were outcomes the United States had sought from China rather than the other way around, said two people briefed on the trip. Biden administration officials have acknowledged that creating functional military relations won't be as easy as semi-regular meetings between defense officials. That's not going to be a favor to us," one senior Biden administration told Reuters in October in the run-up to the Xi-Biden meeting.

Persons: Xi, Joe Biden, Kevin Lamarque, Xi Jinping, Alexander Neill, Biden, Nancy Pelosi's, hotlines, Craig Singleton, That's, China's, Drew Thompson, Vladimir Putin, it's, Li Mingjiang, Michael Martina, Greg Torode, Trevor Hunnicutt, Antoni Slodkowski, Laurie Chen, Don Durfee, Tom Hogue Organizations: U.S, Economic Cooperation, REUTERS, FRANCISCO, United States, Communist Party, Hawaii's, Commerce Department, Biden, Republican, ., Foundation for Defense of Democracies, Reuters, Pentagon, National University of Singapore, Analysts, Rajaratnam School of International Studies, Thomson Locations: Filoli, Asia, Woodside , California, U.S, HONG KONG, San Francisco, United States, United, China, Beijing, Chinese, Taiwan, Washington, Russia, Singapore

☆ Biden to wrap up four-day diplomatic summit by meeting Mexican president
▼ + stars: | 2023-11-17 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

Chinese President Xi Jinping waves as he walks with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 17 (Reuters) - U.S. President Joe Biden concludes a four-day diplomatic push with China as well as other Pacific nations on Friday in a final meeting with world leaders and a visit with Mexican President Andrés Manuel López Obrador. The worsening of trade relations between Washington and Mexico City comes even as their economic integration grows. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States. Reporting By Jeff Mason and Jarrett Renshaw; Editing by Scott Malone and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi, Joe Biden, Kevin Lamarque, Andrés Manuel López Obrador, Biden, Xi Jinping, Dina Boluarte, Donald Trump, Jeff Mason, Jarrett Renshaw, Scott Malone, Stephen Coates Organizations: U.S, Economic Cooperation, REUTERS, FRANCISCO, Obrador, Mexico City, Thomson Locations: Filoli, Asia, Woodside , California, U.S, China, Peru, Mexico, Washington, Canada, United States

☆ U.S. Executives Get No Reassurance From Xi on Tougher China Business Environment
▼ + stars: | 2023-11-16 | by ( Lingling Wei | Charles Hutzler | ) www.wsj.com time to read: 1 min

A day after meeting with Chinese leader Xi Jinping, President Biden said during a speech at the APEC CEO Summit that the U.S. is ‘de-risking and diversifying’ its economic relationship with China, but ‘not decoupling.’ Photo: Kevin Lamarque/ReutersSAN FRANCISCO—Foreign capital is fleeing China. Yet on his first trip to the U.S. in six years, Chinese leader Xi Jinping didn’t make a pitch to win back American businesses and investors. Instead, at a Wednesday evening dinner with U.S. corporate chiefs and other guests, Xi sought to enlist American corporations’ help in easing bilateral tensions, emphasizing the room for both nations to work together—a theme of his meeting with President Biden earlier in the day.

Persons: Xi Jinping, Biden, Kevin Lamarque, Xi Organizations: APEC, Summit, Reuters, FRANCISCO Locations: China

☆ EU banks may face major hit if they need to sell bonds -Lagarde
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

International Monetary Fund (IMF) Managing Director Christine Lagarde delivers a speech at the U.S. Chamber of Commerce in Washington, U.S., April 2, 2019. REUTERS/Kevin Lamarque/File photo Acquire Licensing RightsFRANKFURT, Nov 16 (Reuters) - European banks may suffer significant losses if they need to sell their bond holdings to raise cash, the European Central Bank's President Christine Lagarde said on Thursday. "EU banks’ holdings of fixed income securities could be marked down quite significantly, should they need to be sold," she told the annual conference of the European Systemic Risk Board, which she chairs. Reporting by Francesco Canepa; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Christine Lagarde, Kevin Lamarque, Francesco Canepa, Jason Neely Organizations: Monetary Fund, U.S . Chamber of Commerce, REUTERS, Rights, Central Bank's, Thomson Locations: Washington , U.S

U.S. President Joe Biden and China’s Xi Jinping, who met in San Francisco on Wednesday, may disagree on the terminology. Barely half the manufactured goods imported into the United States from low-cost Asian countries now come from China. Chinese firms have raised just $529 million from initial and secondary stock offerings in the United States in the year to mid-October. But the conscious decoupling between the U.S. and China looks set to continue. Follow @ugalani and @a_fitri_alias on XCONTEXT NEWSU.S. President Joe Biden and Chinese President Xi Jinping met on Nov. 15 in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation forum.

Persons: Xi, Joe Biden, Kevin Lamarque, friendshoring, China’s Xi Jinping, Breakingviews, Donald Trump, China’s ByteDance, Reuters Graphics Reuters Graphics Goldman Sachs, Xi Jinping, Una, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: U.S, Economic Cooperation, REUTERS, Rights, Reuters, People’s Republic . U.S, People’s, World Trade Organization, Reuters Graphics Reuters, FRAYING FINANCE, U.S . Federal Reserve, Federal, Investment Board, HK, Republican, Reuters Graphics Apple, United, Reuters Graphics Reuters Graphics, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights MUMBAI, United States, China, Washington, People’s Republic ., San Francisco, People’s Republic, Southeast Asia, Hong Kong, That’s, New York, Greater China, India, TAIWAN, Taiwan, Una Galani, Mumbai, London

☆ American CEOs serve China’s Xi a too-rich dessert
▼ + stars: | 2023-11-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 16 (Reuters Breakingviews) - America’s corporate chieftains were thrilled to see China’s President Xi Jinping at Wednesday’s gala dinner in San Francisco. So thrilled that they gave him a standing ovation, according to Reuters. He has defended China’s stance on Taiwan, equating the self-governing island’s relationship with the People’s Republic to Hawaii’s position vis-à-vis the United States. The standing ovation is just a new, cringeworthy way to follow the money. Xi received a standing ovation as he entered the room and before and after he took the stage, the report said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Tim Cook, Larry Fink, Steve Schwarzman, Ray Dalio, Bridgewater, Tesla, Elon Musk, Apple’s Cook, Ding Xuexiang, Howard Schultz, Biden, “, John Foley, Aditya Sriwatsav Organizations: Economic Cooperation, REUTERS, Reuters, Apple, Blackstone, ”, China, Xi, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, BlackRock, China, United States, Taiwan, Republic, Schwarzman, Beijing

U.S. President Joe Biden meets with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. Biden held a solo news conference after four hours of talks with Xi on the outskirts of San Francisco. At the end of the news conference, he was asked whether he still held the view that Xi was a dictator, something he said in June. When Biden made a similar dictator reference in June, China called the remarks absurd and a provocation. Xi told Biden that the negative views of the Communist Party in the United States were unfair, a U.S. official told reporters after the meeting.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Xi, He's, Mao Zedong, Steve Holland, Heather Timmons, Stephen Coates Organizations: Economic Cooperation, REUTERS, Rights, National People's Congress, Communist Party, U.S, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights WOODSIDE , California, Beijing, San Francisco, United States, San Francisco ., Tibet, Hong Kong, China, Wednesday's

TAIWANThe two leaders had a "substantial" discussion on Taiwan, with Xi telling Biden that Taiwan was the biggest, most dangerous issue facing the two superpowers, a senior U.S. official told reporters. LEADER TO LEADER TALKSBiden said he and Xi agreed to high-level communications. "He and I agreed that each one of us can pick up the phone call directly and we'll be heard immediately," Biden told reporters after the meeting. China and the United States should set an example for other countries, Xi told Biden, according to Chinese media, and promote cooperation on trade, agriculture, climate change and artificial intelligence. FENTANYLBiden and Xi agreed to cooperate on addressing the source of the opioid fentanyl, a leading cause of drug overdoses in the United States, the U.S. official said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, China's Xi Jinping, Biden, Xi, Nancy Pelosi, Defense Lloyd Austin, we'll, Jeff Mason, Trevor Hunnicutt, Andrea Shalal, Heather Timmons, Stephen Coates Organizations: Economic Cooperation, REUTERS, Rights, Taiwan, U.S, Defense, Communist Party, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, TAIWAN, Taiwan, China, Beijing, United States, IRAN, Iran

[1/2] Chinese President Xi Jinping speaks during a bilateral meeting with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsWOODSIDE, California, Nov 15 (Reuters) - Chinese President Xi Jinping told U.S. President Joe Biden during their four-hour meeting on Wednesday that Taiwan was the biggest, most dangerous issue in U.S.-China ties, a senior U.S. official told reporters. Xi was trying to indicate that China is not preparing for a massive invasion of Taiwan, but that does not change the U.S. approach, the official said. "President Biden responded very clearly that the long-standing position of the United States was ... determination to maintain peace and stability," the official said. "President Xi responded: look, peace is ... all well and good but at some point we need to move towards resolution more generally," the official said.

Persons: Xi Jinping, Joe Biden, Kevin Lamarque, Xi, Biden, Washington, Jeff Liu, Liu, Trevor Hunnicutt, Jeff Mason, Ben Blanchard, Andrea Shalal, Sandra Maler, Stephen Coates, Tom Hogue Organizations: U.S, Economic Cooperation, REUTERS, Rights, Biden, Senior U.S, People's Liberation Army, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights WOODSIDE , California, Taiwan, China, United States, Taiwan Strait, Taipei, Beijing

☆ Xi says U.S. and China can only be adversaries or partners, with no middle ground
▼ + stars: | 2023-11-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Kevin Lamarque | ReutersBEIJING — The U.S. and China have to choose between being adversaries or partners, Chinese President Xi Jinping told American business executives late Wednesday. Xi Jinping President of China"In this respect, the number one question for us is: are we adversaries, or partners? "No matter how the global landscape evolves, the historical trend of peaceful coexistence between China and the United States will not change," Xi said. Regarding earlier conversations with Biden, Xi said "we agreed to make the cooperation list longer and the pie of cooperation bigger." Xi Jinping President of China

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Xi, Tim Cook, Cristiano Amon —, Gina Raimondo Organizations: Economic Cooperation, Reuters, Beijing, U.S, Apple, Qualcomm, U.S ., China Business Council, National Committee, China Relations, Pandas, San Diego Zoo Locations: Filoli, Asia, Woodside , California, U.S, Reuters BEIJING, The U.S, China, San Francisco, United States, Beijing

☆ Takeaways from the Biden-Xi summit, where low expectations were met
▼ + stars: | 2023-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

U.S. President Joe Biden shakes hand with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. The Biden administration is worried about scores of what it calls “unprofessional” operations by Chinese planes and ships near US assets. Biden balances his job as commander in chief with huge political risksBiden knew his meeting with Xi would unleash a political firestorm. Biden had huge political incentives to make this summit a success but also needed to show he was tough on Xi. Meeting low bars at a moderately successful summit will not change the fundamentals of their rivalry.

Persons: Joe Biden’s, Xi Jinping, Biden, Xi, ” Biden, ” Xi, China’s, Joe Biden, Kevin Lamarque, “, Nancy Pelosi’s, Sen, Jim Risch, lacerated Biden, Bill Clinton’s, George H.W, Nikki Haley, Ron DeSantis, Donald Trump’s, it’s, ” Sue Mi Terry, George W, Bush, Barack Obama, CNN’s Erin Burnett, reaffirmation, “ I’m, that’s, ”, he’d, he’s Organizations: CNN, Economic Cooperation, United, US Air Force, Soviet Union, People’s Liberation Army, Republican, Senate Foreign Relations, US, Biden, South Carolina Gov, Florida Gov, GOP, Barack Obama National Security Council, Center for Strategic, International Studies, Congress, New York Times, Trump Locations: San Francisco, perilously, Asia, China, United States, ., Woodside , California, U.S, Taiwan, Chinese, Hainan, Soviet, Ukraine, Moscow, Syria, The Idaho, Beijing, George H.W . Bush, Iowa, Washington

U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. But they have met only once in person since then and Xi has not visited the United States since 2017 when Donald Trump was president. In a separate dinner with business leaders, the Chinese president will also been looking to boost flagging investment by U.S. firms in China. Biden is also expected urge China to use its influence with Iran to not broaden the conflict in the Middle East.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Donald Trump, Biden, Richard Fontaine, There's, Trump, David Brunnstrom, Michael Martina, Don Durfee, Grant McCool Organizations: REUTERS, FRANCISCO, Asia Pacific Economic Cooperation, East China Seas, U.S, Washington's Center, New, New American Security, APEC, Thomson Locations: Bali , Indonesia, San Francisco, United States, San Francisco Bay, Ukraine, North, Russia, Taiwan, U.S, China, South, East, Philippines, Washington, Iran, New American

☆ U.S.-China relations are now more about crisis prevention
▼ + stars: | 2023-11-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

It will be a rare summit before the U.S. presidential election cycle kicks off in earnest. "The immediate aftermath of the [Biden-Xi] meeting is likely to mark a cyclical high point for bilateral relations," he said. Taiwan is set to hold its presidential election in January, and a more pro-independence winner could stir more of Beijing's ire. Beijing considers Taiwan part of its territory, with no right to independently conduct diplomatic relations. The U.S. recognizes Beijing as the sole government of China but maintains unofficial relations with Taiwan, a democratically self-governed island.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Michael Hirson, Trump, Xi, Gabriel Wildau, Antony Blinken, Chuck Schumer, Shen Yamei, Shen, Gina Raimondo, Lifeng, Janet Yellen, Teneo, Nancy Pelosi, Teneo's Wildau Organizations: Reuters, U.S, China Research, Research, D.C, Strategic, International, Biden, Republican, Democratic, American Studies, China Institute of International Studies, CNBC, U.S . Commerce, Treasury, U.S . House, Representatives, Economic Cooperation, China's Ministry of Commerce Locations: Bali , Indonesia, Reuters BEIJING, U.S, China, Taiwan, South China, Washington, Beijing, San Francisco, Gaza, Ukraine, Asia

[1/3] U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque//File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. But they have met only once in person since then, and Xi, who arrived in San Francisco on Tuesday evening, had not visited the United States since 2017 when Donald Trump was president. The White House says the aim of the summit, to be held at an unannounced location in the San Francisco Bay Area, is to boost communication to prevent an intense rivalry from veering into conflict. In a separate dinner with business leaders, the Chinese president will be looking to boost flagging investment by U.S. firms in China.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Donald Trump, Biden, Richard Fontaine, There's, Trump, David Brunnstrom, Michael Martina, Don Durfee, Grant McCool, Leslie Adler Organizations: REUTERS, FRANCISCO, Asia Pacific Economic Cooperation, East China Seas, U.S, Washington's Center, New, New American Security, APEC, Thomson Locations: Bali , Indonesia, San Francisco, United States, San Francisco Bay, Ukraine, North, Russia, Taiwan, U.S, China, South, East, Philippines, Washington, Iran, New American

☆ Top US Senate Democrat encouraged by House Republican funding bill
▼ + stars: | 2023-11-13 | by ( Moira Warburton | ) www.reuters.com time to read: +1 min

Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters at the Capitol in Washington, U.S., October 31, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - Top U.S. Senate Democrat Chuck Schumer on Monday expressed tentative support for House Republicans' short-term funding bill that would keep the federal government open past this weekend. Schumer halted progress on the Senate's proposed funding plan, a step that would allow the House to move first. This may encourage some House Democrats to back the plan if hardline Republicans deny Speaker Mike Johnson the votes for the bill he has proposed. Johnson has proposed a short-term funding bill, known as a continuing resolution or CR, that would keep spending at fiscal year 2023 levels until January and February for different parts of the government.

Persons: Chuck Schumer, Kevin Lamarque, Schumer, Mike Johnson, Johnson, Moira Warburton Organizations: Capitol, REUTERS, Rights, U.S, Senate, House Republicans, Democrats, Republicans, Democratic, Thomson Locations: Washington , U.S, Washington

U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - The White House said on Monday President Joe Biden and Chinese President Xi Jinping will discuss strengthening communication and managing competition when they meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit this week. Biden and Xi have known each other for more than a decade and have shared hours of conversation over six interactions since Biden's 2021 inauguration. However, they have met only once in person since then and Xi has not visited the United States since 2017. Sullivan said that at APEC Biden would put forward his economic vision for the region and speak about "how the United States is the preeminent driver of inclusive, sustainable economic growth in the Asia Pacific."

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, President Joe Biden, Xi, Jake Sullivan, Biden, Sullivan, Nancy Pelosi, we've, Matt Murray, Steve Holland, Nandita Bose, David Brunnstrom, Alistair Bell Organizations: REUTERS, Rights, President, Economic Cooperation, San Francisco Bay Area, Biden, House, U.S ., United, U.S, APEC, Wednesday, APEC Biden, Thomson Locations: Bali , Indonesia, Asia, San Francisco Bay, U.S, People's Republic of China, United States, Washington, China, Taiwan, San Francisco, Israel, Ukraine, North, Russia, Beijing, Iran, East

☆ Biden will push China to resume military ties with US, official says
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. Biden will meet Chinese President Xi Jinping in person for the first time in a year on Wednesday during the Asia-Pacific Economic Cooperation summit in San Francisco. It will be only the second in-person meeting between the two leaders since Biden took office in January 2021. Sullivan said on CNN's "State of the Union" that Biden would seek to "advance the ball" on military ties during his meeting with Xi, but declined to provide further details. President Biden would like to re-establish that," Sullivan said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Jake Sullivan, Biden, it's, Sullivan, Xi, Katharine Jackson, Arshad Mohammed, Andrea Shalal, Scott Malone, Grant McCool Organizations: REUTERS, Rights, White House, Biden, Economic Cooperation, U.S, CBS, Thomson Locations: Bali , Indonesia, China, Asia, San Francisco, Israel, Ukraine, North, Russia, Taiwan, U.S, United States, Beijing

☆ Biden to meet Xi on Wednesday in San Francisco Bay area, US says
▼ + stars: | 2023-11-10 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

U.S. President Joe Biden shakes hands with Chinese President Xi Jinping as they meet on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. The closely watched interaction, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the San Francisco Bay area, could last hours and involve teams of officials from Beijing and Washington. The Chinese foreign ministry said on Friday that Xi would visit the United States Nov. 14-17, attend the APEC summit and meet with Biden. Biden and Xi will speak across oceans of ideological difference for the first time since November 2022. Biden is expected to tell Xi that U.S. commitments in the Indo-Pacific are unchanged.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Biden, Mao Zedong, Trevor Hunnicutt, Heather Timmons, Stephen Coates, Chizu Organizations: REUTERS, Rights, Economic Cooperation, Biden, White House, APEC, NATO, Diplomats, U.S, Thomson Locations: Bali , Indonesia, Asia, San Francisco Bay, Beijing, Washington, Israel, Ukraine, North, Russia, Taiwan, China, United, U.S, Northern California, Europe, United States, Taiwan Strait, South China, East China, Philippines, Iran

☆ Morning Bid: 'Not confident' Powell drags markets lower
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +3 min

Since the Fed left rates unchanged last week, markets had increasingly grown confident that the peak in U.S. rates was in sight. But up stepped Powell to squash any hopes of an impending rate cut. "[The Fed] is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time," Powell said. That led stocks lower, with MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) skidding 1% to their lowest in a week. The rise in yields boosted the dollar, which is headed for its best week against the yen in three months.

Persons: Jerome Powell, Kevin Lamarque, Ankur Banerjee, Powell, Christine Lagarde, Walt Disney, policymaker Joachim Nagel, SNB's Thomas Moser, Edmund Klamann Organizations: Monetary Fund's, REUTERS, Ankur, European bourses, Treasury, Industrial, Commercial Bank of China's, U.S . Treasury, Reuters, Thomson Locations: Washington , U.S, Asia, Pacific, Japan, European, U.S, Commercial Bank of China's U.S, Norway, Sweden

Parts of a ghost gun kit are on display at an event held by U.S. President Joe Biden to announce measures to fight ghost gun crime, at the White House in Washington U.S., April 11, 2022. Circuit Court of Appeals sided with a group of firearm owners, gun rights groups and manufacturers in declaring the Bureau of Alcohol, Tobacco, Firearms and Explosives' 2022 rule "unlawful." "ATF, in promulgating its final rule, attempted to take on the mantle of Congress to 'do something' with respect to gun control," he wrote. The administration has said that ghost guns are attractive to criminals and others prohibited from lawfully buying firearms, including minors. There were about 20,000 suspected ghost guns reported in 2021 to the ATF as having been recovered by law enforcement in criminal investigations - a tenfold increase from 2016, according to the White House.

Persons: Joe Biden, Kevin Lamarque, Biden, Donald Trump, Kurt Engelhardt, Cody Wisniewski, Nate Raymond, Michael Perry Organizations: U.S, White, REUTERS, Circuit, Alcohol, Tobacco, Firearms, Explosives, Republican, Gun Control, U.S . Department of Justice, Coalition Action Foundation, ATF, Biden, Thomson Locations: Washington U.S, New Orleans, Texas, U.S ., Boston

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