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[1/2] U.S. President Joe Biden disembarks from Air Force One at Joint Base Andrews, Maryland, U.S., December 16, 2022. REUTERS/Elizabeth FrantzWASHINGTON, Dec 19 (Reuters) - President Joe Biden met Ecuador President Guillermo Lasso on Monday to discuss efforts to stem the flow of migrants to the United States as the White House faces increased pressure over its immigration policies. Together we've made historic strides on migration," Biden told reporters. "We have talked about migration and migration as a consequence of the economic problems of many countries in Latin America. Lasso visited the White House after former U.S.

Senator Jim Risch, the top Republican on the Senate Foreign Relations Committee, has requested a review of U.S. security assistance and cooperation programs in Nigeria following Reuters reporting on an illegal abortion program and killing of children carried out by the Nigerian military. Nigerian military leaders denied the program has ever existed and said Reuters reporting was part of a foreign effort to undermine the country's fight against the insurgents. Nigerian military leaders told Reuters the army has never targeted children for killing. The deal, approved in April, had been put on hold over concerns about possible human rights abuses by the Nigerian government. The United States has also obligated about $6 million between 2016 and 2020 for the International Military Education and Training (IMET) program.

☆ Biden comes under pressure over expected easing of U.S. asylum rules
▼ + stars: | 2022-12-18 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

The policy, known as Title 42, is due to end on Dec. 21, and thousands of asylum seekers have been lining up at the U.S.-Mexico border ahead of the easing of restrictions. "It's a very dire situation," U.S. Representative Tony Gonzales of Texas, a Republican, told CBS's "Face the Nation". Gonzales called on Biden to revive past policies that tried to speed up asylum review and expedite deportations. U.S. Representative Henry Cuellar, a Democrat who also represents Texas, urged Biden to enact a policy requiring people to only request asylum at official border crossing points. "And if they don't follow that pathway they need to go back," Cuellar told "Face the Nation".

☆ Dem. Senator Joe Manchin dodges question on whether he plans to change parties: 'I'll let you know later what I decide to do'
▼ + stars: | 2022-12-18 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

Sen. Joe Manchin dodged questions about whether he will remain in the Democratic party. "I'll let you know later what I decide to do," Manchin told Margaret Brennan on CBS "Face the Nation." Brennan then asked Manchin if he saw any value in becoming an Independent and not being affiliated with a political party. "Now, I'll let you know later what I decide to do. Manchin's comments follow Arizona Sen. Kyrsten Sinema's announcement earlier this month that she will leave the Democratic Party and register as an independent.

☆ U.S. Senate passes record $858 billion defense act, sending bill to Biden
▼ + stars: | 2022-12-16 | by ( Patricia Zengerle | ) www.reuters.com time to read: +3 min

REUTERS/Joshua Roberts/File PhotoWASHINGTON, Dec 15 (Reuters) - The U.S. Senate passed legislation on Thursday authorizing a record $858 billion in annual defense spending, $45 billion more than proposed by President Joe Biden, and rescinding the military's COVID vaccine mandate. Senators supported the National Defense Authorization Act, or NDAA, an annual must-pass bill setting policy for the Pentagon, by an overwhelming 83-11 bipartisan majority. AID FOR TAIWAN, UKRAINE AND JUDGESBecause it is one of the few major bills that always passes, lawmakers use the NDAA as a vehicle for a range of initiatives. A bid to amend the bill to award back pay and reinstate troops who refused the vaccine failed. A bill to fund the government through Sept. 30, 2023, - the end of the fiscal year - is expected to pass Congress next week.

☆ Bill Gates-backed nuclear demonstration project in Wyoming delayed because Russia was the only fuel source
▼ + stars: | 2022-12-16 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

An artist rendering of the advanced nuclear power reactor demonstration project that Bill Gates' nuclear innovation company, TerraPower, plans to build in the frontier-era coal town, Kemmerer, Wyoming. TerraPower's advanced reactor demonstration will face delays of at least two years because its only source of fuel was Russia, and the Ukraine war has closed the door on that trade relationship. Wyoming Senator John Barrasso, a Republican, thinks it's a wake-up call for the U.S."America must reestablish itself as the global leader in nuclear energy," Barrasso said in a written statement. "Instead of relying on our adversaries like Russia for uranium, the United States must produce its own supply of advanced nuclear fuel." Barrasso also sent a letter to the Energy Secretary Jennifer Granholm to urge the United States to move faster in securing a source of HALEU.

☆ Pelosi undecided if U.S. House will take up TikTok government device ban
▼ + stars: | 2022-12-15 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

House Republican Leader Kevin McCarthy said on Twitter Pelosi "should immediately allow an up-or-down vote" on the TikTok government device bill. It said the Senate bill "will do nothing to advance the national security of the United States." White House spokeswoman Karine Jean-Pierre Thursday declined to offer a view on whether Biden would support the TikTok legislation. Republican Senator Marco Rubio on Tuesday unveiled bipartisan legislation to ban TikTok altogether in the United States. At a hearing last month, FBI Director Chris Wray said TikTok's U.S. operations raise national security concerns.

☆ Pelosi undecided if U.S. House will take up TikTok government device ban bill
▼ + stars: | 2022-12-15 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The House would need to pass the Senate bill before next week's expected end of the congressional session. TikTok said on Thursday the Senate bill "does nothing to advance U.S. national security interests." Many federal agencies including the Defense, Homeland Security and State departments already ban TikTok from government-owned devices. Republican Senator Marco Rubio on Tuesday unveiled bipartisan legislation to ban TikTok altogether in the United States. At a hearing last month, FBI Director Chris Wray said TikTok's U.S. operations raise national security concerns.

☆ Senate passes bill to bar federal employees from using TikTok on government devices
▼ + stars: | 2022-12-15 | by ( ) www.nbcnews.com time to read: +3 min

WASHINGTON — The U.S. Senate late on Wednesday passed by voice vote a bill to bar federal employees from using Chinese-owned short video-sharing app TikTok on government-owned devices. Stanislav Kogiku / Sipa via AP fileDuring the last Congress, the Senate in August 2020 unanimously approved legislation to bar TikTok from government devices. Many federal agencies including the Defense, Homeland Security and State departments already ban TikTok from government-owned devices. “TikTok is a major security risk to the United States, and it has no place on government devices,” Hawley said previously. At a hearing last month, FBI Director Chris Wray said TikTok’s U.S. operations raise national security concerns.

REUTERS/Tom BrennerWASHINGTON, Dec 15 (Reuters) - Over 200 advocates from around the United States converged on Capitol Hill this week with an 11th-hour mission: persuade lawmakers to provide citizenship to "Dreamer" immigrants who illegally entered the United States as children. Addinelly Moreno Soto, a 31-year-old communications aide who came to the United States from Mexico at age 3, trekked to the Capitol from San Antonio with her husband hoping to meet with her state's U.S. Senator John Cornyn, an influential Republican whose support could help advance a deal that has eluded Congress for more than a decade. The end-of-year push comes as a window is closing for Congress to find a compromise to protect "Dreamers", many of whom speak English and have jobs, families and children in the United States but lack permanent status. Tillis himself has been skeptical about whether Congress will have time to pass the legislation before the year’s end.

☆ U.S. Senate passes bill to bar federal employees from using TikTok on government-owned devices
▼ + stars: | 2022-12-15 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Dec 14 (Reuters) - The U.S. Senate late on Wednesday passed by voice vote a bill to bar federal employees from using Chinese-owned short video-sharing app TikTok on government-owned devices. During the last Congress, the Senate in August 2020 unanimously approved legislation to bar TikTok from government devices. Many federal agencies including the Defense, Homeland Security and State departments already ban TikTok from government-owned devices. "TikTok is a major security risk to the United States, and it has no place on government devices," Hawley said previously. At a hearing last month, FBI Director Chris Wray said TikTok's U.S. operations raise national security concerns.

☆ Petrobras CEO prospect pitches an expansive vision for oil giant
▼ + stars: | 2022-12-15 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

Magda Chambriard, a former Brazil oil regulator, also said she does not support taking back divested oil refineries and other assets or using Petrobras' profits to subsidize consumer fuel prices. Lula, who spent time in jail over a Petrobras corruption scandal, campaigned on abandoning further privatization of Petrobras, and on investing in diversification. Petrobras has sold oil refineries, retail gas stations, power plants and gas pipelines to pay debt and boost its shareholder payouts. Like Lula, she believes the way to guarantee Petrobras' future in a world determined to cut planet-warming emissions should include developing less carbon-intensive fuels, such as natural gas. Some of the dividends Petrobras distributed this year should be redirected to energy production, including exploration of new oil and gas fields, she said.

☆ Bill Gates-backed reactor delayed on worries about fuel from Russia
▼ + stars: | 2022-12-14 | by ( Timothy Gardner | ) www.reuters.com time to read: +3 min

The fuel, called high assay low enriched uranium, or HALEU, is enriched up to 20%, much above the up to 5% level today's reactors use. "TerraPower is anticipating a minimum of a two-year delay to being able to bring the Natrium reactor into operation," he said. The Department of Energy (DOE) is looking to downblend some of its stockpile of weapons-grade uranium to help provide fuel for the reactor projects. Levesque said TerraPower will provide a schedule update next year when it knows more about HALEU supply including the availability of DOE material for downblending. Only one company outside Russia, U.S.-based Centrus Energy Corp (LEU.A) is licensed to produce the fuel but it is years away from making commercial amounts.

☆ U.S. senator Manchin says Treasury should limit commercial EV tax credit use
▼ + stars: | 2022-12-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Senator Joe Manchin, a Democrat who chairs the chamber's energy panel, asked the Treasury Department on Tuesday not to allow a commercial electric vehicle tax credit to be used for consumer leasing, rental cars or ridesharing vehicle sales, rejecting a broad interpretation of the credit. Reuters first reported last week the push by South Korea and some automakers that asked the Treasury Department to allow use of the commercial electric vehicle tax credit to boost consumer EV access as well as for the purchase of ride share and rental car vehicles. The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others. The commercial credit known as "45W" does not, however, have the sourcing restrictions of the consumer credit called "30D." Hyundai (005380.KS) and Kia (000270.KS) want the U.S. Treasury to allow people leasing EVs to benefit from commercial credits and to qualify for up to a $4,000 tax credit for used EVs if they buy vehicles when leases expire.

Sinema herself, however, said she would not caucus with the Republican Party, according to an interview Politico published on Friday. It will be up to Senate Democrats to foil Republican initiatives. Sinema and Democratic Senator Joe Manchin have kept Washington in suspense over the last two years as they repeatedly withheld needed votes for legislation sought by Biden. Senator Kyrsten Sinema (D-AZ) walks from her hideaway office to the Senate floor at the U.S. Capitol in Washington, U.S. August 2, 2022. Just this week, Sinema and Republican Senator Thom Tillis unveiled an immigration reform plan that is getting bipartisan attention in the Senate.

LONDON, Dec 9 (Reuters) - With world markets in thrall to the final big three central bank meetings of a tumultuous year next week, the parallel world of fiscal policy takes a back seat. The UK's disastrously botched giveaway budget in September set out for many the limits of what's possible in a world of double-digit inflation. Loosen the public purse strings any further and the commensurate level of interest rates needed to then get inflation back to 2% targets balloons, and risks melting the economy down in other ways. OECD chart on fiscal outlook'BRUTE FORCE'All of which begs the question of whether central banks will have to conduct the inflation fight on their own. And likely severe recessions from historically modest interest rates just force central banks to quickly return to so-called quantitative easing, undermining their own longer-term inflation battle.

☆ After final Trump-backed midterm loss, Senate Republicans bemoan weak nominees
▼ + stars: | 2022-12-07 | by ( David Morgan | ) www.reuters.com time to read: +5 min

"You have to have candidates that appeal to the general public," Republican Senator Mike Rounds told reporters. Trump's party succeeded in winning a House majority, but by a smaller margin than it had expected. "Candidates matter, and I think we've lost two or three or four races we didn't have to lose this year," Republican Senator Roy Blunt told reporters. "We just need to be able to be aggressive," said Republican Senator Cynthia Lummis. The former football star had support on the campaign trail from prominent Senate Republicans including Ted Cruz, Lindsey Graham and Rick Scott, who chairs the Senate Republican campaign arm.

☆ Republican lawmakers criticize U.S. grant to battery company with China ties
▼ + stars: | 2022-12-07 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Kevin Lamarque/File PhotoWASHINGTON, Dec 7 (Reuters) - Two senior Republican lawmakers on Wednesday were highly critical of the decision by the U.S. Energy Department to award $200 million to Microvast Holdings (MVST.O) over the lithium battery company's ties to the Chinese government. In October, Texas-based Microvast won a $20 million U.S. grant from the department to help build a new EV battery components plant in Tennessee. Representative Frank Lucas, top Republican on the House Science Committee, said nearly 80% of Microvast’sassets are in China and 61% of its revenue in 2021 originated in China. In November, Microvast and General Motors (GM.N)said they would work together "to develop specialized EV battery separator technology and build a new separator plant in the U.S., which is expected to create hundreds of new jobs." Over 200 companies applied for $2.8 billion in Energy Department grants and 20 received awards.

☆ Why the world’s top chip maker is doubling down on American manufacturing
▼ + stars: | 2022-12-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

That measure invests more than $200 billion to encourage companies to bring chip production back onto American soil. Raising the debt limit, the bank wrote, will be “necessary but hard to achieve.”For the uninitiated: The “debt ceiling” is simply the federal government’s borrowing limit. Senator John Thune told Bloomberg last week the debt ceiling could be a way to push through budget cuts. Goldman Sachs noted that the political environment next year will have “echoes of 1995 and 2011” — the two most tense standoffs over the debt limit in recent history. (OK, most nights — we believe in a four-day work week around here.)

☆ Live Updates: Georgia Voters Head to Polls for Final Say on Warnock vs. Walker
▼ + stars: | 2022-12-06 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +11 min

Mr. Warnock consolidated Democratic voters, while Mr. Walker struggled to rally his party behind him. Mr. Walker was wrapping up a campaign that appears to have failed to consolidate the disparate wings of his party. Image Mr. Warnock spoke on Monday in Atlanta at the SWAG Shop barbershop with Killer Mike, the rapper. Credit... Nicole Craine for The New York TimesMr. Kemp kept some distance from Mr. Walker during the general election. Mr. Mathews said he planned to cast his ballot Tuesday for Mr. Walker.

☆ The looming debt ceiling fight could be the messiest since 2011, Goldman Sachs says
▼ + stars: | 2022-12-05 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

“To raise the debt limit next year, bipartisan support will be necessary but hard to achieve,” Goldman Sachs economists wrote in the report. Republican Senator John Thune of South Dakota told Bloomberg last week the debt ceiling could be a way to push through budget cuts. Goldman Sachs noted that the political environment next year will have “echoes of 1995 and 2011” — the two most tense standoffs over the debt limit in recent history. The good news is Washington appears to have plenty of time to reach a compromise on the debt ceiling before things get dicey. “Funds could run dry as soon as July and as late as October,” Goldman Sachs said.

Paid sick leave was one of the outstanding issues in the negotiations. Rail workers get zero paid sick days. Paid sick leave is a basic human right. The measure to provide seven paid sick days did not win the required 60-vote supermajority in the Senate and was not endorsed by the White House. Senator Bernie Sanders and others denounced railroad companies for refusing to offer paid sick leave.

☆ Biden says Ukraine, COVID are priorities; Senate Democrats push for spending bill
▼ + stars: | 2022-11-29 | by ( Steve Holland | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 29 (Reuters) - Top U.S. Democrats said on Tuesday that securing more funding for Ukraine and COVID-19 and passing a full-year spending bill are priorities before Republicans take control of the House of Representatives early next year. Later in the day, top Senate Democrats said passing a full-year spending bill, known as an omnibus, was vital for national security. A commonly floated alternative, known as a continuing resolution, or CR, would effectively freeze spending at current levels. Republicans are split on whether to support an omnibus spending bill or a CR, top Senate Republican Mitch McConnell told reporters. On Ukraine, House Republican leader Kevin McCarthy, who attended the talks with Biden, gave a taste of what to expect if he takes over as House speaker as he hopes.

☆ U.S. Senate eyes tightened restrictions on Chinese semiconductors
▼ + stars: | 2022-11-28 | by ( Patricia Zengerle | ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 28 (Reuters) - The Democratic leader of the U.S. Senate urged lawmakers on Monday to back his proposal to bar the U.S. government from doing business with companies that use semiconductors made by producers the Pentagon considers Chinese military contractors. "We need our government and our economy to rely on chips made right here in America." The proposal from Schumer and Cornyn would broaden an existing ban on government use of Chinese chips. "We need to stay tough on the Chinese government and its actions," Schumer said. Reporting by Patricia Zengerle, additional reporting by Katharine Jackson; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Lula won't have interventionist stance on Petrobras, aide says
▼ + stars: | 2022-11-24 | by ( Ricardo Brito | Tom Polansek | ) www.reuters.com time to read: +3 min

[1/2] A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File PhotoBRASILIA, Nov 24 (Reuters) - Brazil's incoming leftist government will not have an interventionist stance on state-run oil giant Petrobras (PETR4.SA), a member of the transition team for President-elect Luiz Inacio Lula da Silva said on Thursday. Market participants have been showing concern over how the Lula administration might run Petrobras. He also noted that the incoming administration, and not Petrobras itself, would set a new fuel pricing policy for the country. Shares of Petrobras, which slipped by roughly a quarter since mid-October, were up more than 4% on Thursday, outperforming Brazil's Bovespa stock index (.BVSP), which rose 2.5%.

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