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☆ Two men arrested for killing that prompted New Mexico gun ban
▼ + stars: | 2023-09-22 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

Governor of New Mexico Michelle Lujan Grisham speaks at a Democratic Party of New Mexico campaign rally featuring U.S. President Joe Biden at the Gallegos Community Center in Albuquerque, New Mexico, U.S., November 3, 2022. Her unprecedented move pulled New Mexico into a national debate on gun rights and public safety. “It is our belief that these cowards mixed up the two vehicles and shot into the wrong vehicle,” Albuquerque police chief Harold Medina told reporters. Lujan Grisham's emergency health order suspending open and concealed carry rights met bipartisan backlash as unconstitutional and was challenged by gun rights advocates. The move was supported by New Mexico gun control proponents and the Catholic archbishop of Santa Fe.

Persons: New Mexico Michelle Lujan Grisham, Joe Biden, Kevin Lamarque, Jose Romero, Nathen Garley, Michelle Lujan Grisham, Froylan Villegas, Tatiana Villegas, Harold Medina, Lujan, Romero, Garley, Andrew Hay, Daniel Wallis Organizations: Democratic Party of New, U.S, Gallegos Community Center, REUTERS, New, Democratic, Police, Thomson Locations: New Mexico, Democratic Party of New Mexico, Albuquerque , New Mexico, U.S, Albuquerque, Santa Fe

☆ Netanyahu says Israel is edging 'closer' to normalization deal with Saudi Arabia
▼ + stars: | 2023-09-22 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +3 min

CNN —Israeli Prime Minister Benjamin Netanyahu said it is “likely” Israel will reach a normalization agreement with Saudi Arabia, in what would mark a seismic foreign policy shift for both countries as they edge closer to reaching a deal mediated by the US. Speaking to CNN’s Kaitlan Collins in an interview on Friday, Netanyahu touted the potential pact as “a quantum leap” in the region. Saudi Arabia, like many Arab states, does not currently recognize Israel; such a deal would have potential to enhance Israel’s acceptance in the Muslim world, particularly considering Saudi Arabia’s role as the custodian of Islam’s holiest sites. Netanyahu has made tightening relations with Saudi Arabia a linchpin of his premiership, although it is unclear what kind of concessions toward Palestinians would be allowed by his right-wing coalition. Israel says the raids are intended to prevent or punish Palestinian militant attacks on Israeli civilians because the Palestinian Authority is failing in its security obligations.

Persons: Kaitlan Collins, Benjamin Netanyahu, CNN’s Kaitlan Collins, Netanyahu, ”, Israel, Saudi Arabia’s Crown Prince Mohammed bin Salman, bin Salman, Joe Biden, Kevin Lamarque, Collins, “, Mahmoud Abbas, ” Abbas Organizations: CNN, Israeli, United, United Arab Emirates, Saudi, Saudi Arabia’s Crown, Fox News, Assembly, Reuters, UN, Palestinian, West Bank, Israel, Palestinian Authority Locations: Israel, Saudi Arabia, Asia, Jordan, United Arab, Riyadh, New York City, New York

☆ Opinion: Amid no-shows from other world leaders, Biden grasps his G20 moment
▼ + stars: | 2023-09-20 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +7 min

The president’s speech was also a reminder that time is not on the side of the civilized world. “We all need to do more,” Biden said of the SDGs due to be met by 2030 but which are seriously off track. We have to stand up to this naked aggression today and deter other would-be aggressors tomorrow,” Biden said. As the president was speaking, Ukraine’s President Volodymyr Zelensky could be seen listening intently and applauded at the pledge of support. Leveraging the absence of other world leaders to his advantage seems to be working for Biden.

Persons: Michael Bociurkiw, Joe Biden, Michael Bociurkiw Chrystia, Biden’s, ’ —, Donald Trump, Biden, ” Biden, Volodymyr Zelensky, Volodymyr Zelenskiy applauds, John Kerry, Antony Blinken, Kevin Lamarque, Dimitry Polyanskiy, ”, CNN’s Wolf, Zelensky, Trump, he’s, Russia –, Rishi Sunak, Emmanuel Macron, General Antonio Guterres, Europe – Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, CNN . New, CNN . New York CNN, United Nations General, Assembly, Sustainable, Ukrainian, US, United States, UN, CBS News, UN Security Council, British, White, Central, Uzbekistan –, Kremlin, Biden Locations: Odesa, Europe, CNN . New York, Russia, Ukraine, United States, New York, Moscow, Crimea, France, China, India, Soviet, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, “

David Minkin, an attorney for Maui County, told Reuters that only a small portion, if any, of its land was involved in the blaze. Wildfire victims have struggled over the years to hold landowners liable, even for fires ignited on their property. Rick Linkert, a California attorney who specializes in defending wildfire cases, said it may not be easy for Wells' legal team to show negligence. They would have to demonstrate there was an accepted standard for managing grasslands and that the landowners ignored it, he said. Maui County has filed its own lawsuit against Hawaiian Electric, which it blames for the fire.

Persons: Joe Biden, Jill Biden, Kevin Lamarque, Harold Wells, Rebecca Rans, Wells, Bishop, David Minkin, Rans, Jim Bickerton, Bickerton, Rick Linkert, Linkert, Pauahi Paki, Kamehameha, Tom Hals, Amy Stevens, Noeleen Walder, Josie Kao Organizations: REUTERS, Rights, Kamehameha Schools, Reuters, Honolulu Star, U.S . Forest Service, Hawaiian Electric, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Rights WILMINGTON , Delaware, Harold Wells of Arizona, Maui County, Wailuku, Guinea, California, Hawaiian, Wilmington , Delaware

☆ Building begins on facility linking Canada hydropower to NYC
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

New York Governor Kathy Hochul speaks during a campaign rally with other New York Democrats, in Yonkers, New York, U.S., November 6, 2022. The 340 mile (547 km) transmission line is a proposed underwater and underground high-voltage direct current power transmission line to deliver the power from Quebec, Canada, to Queens, New York City. The converter station for the line will be the first-ever transformation of a fossil fuel site into a grid-scale zero-emission facility in New York City, its backers say. Once the construction is completed, it will convert 1,250 megawatts of energy from direct current to alternating current power that will be fed directly into the state's power grid. The converter station is a step towards New York’s target for 70% of the state’s electricity to come from renewable sources by 2030.

Persons: Kathy Hochul, Kevin Lamarque, Champlain, ” Hochul, Ashitha, Timothy Gardner Organizations: New, New York Democrats, REUTERS, Tuesday, Champlain Hudson Power Express, Hydro, Workers, Thomson Locations: Yonkers , New York, U.S, New, New York City, Quebec, Canada, Queens , New York City, Montreal, Astoria, Queens, Bengaluru

☆ At UN, Biden will ask world to stick with Ukraine
▼ + stars: | 2023-09-19 | by ( Steve Holland | ) www.reuters.com time to read: +4 min

U.S. President Joe Biden steps from Air Force One upon his arrival in New York, U.S. September 17, 2023. Biden, a Democrat, has made rallying U.S. allies to support Ukraine a leading component of U.S. foreign policy, arguing the world must send a clear signal to Russian President Vladimir Putin that he will not be able to outlast the West. But Biden has faced criticism from some Republicans who want the United States to spend less money there. Ukrainian President Volodymyr Zelenskiy is expected to visit Biden at the White House on Thursday and meet with some congressional leaders as well. After his speech, Biden will sit down with UN Secretary General Antonio Guterres to discuss world hotspots.

Persons: Joe Biden, Kevin Lamarque, Biden, Vladimir Putin, Putin, Donald Trump, Kevin McCarthy, Volodymyr Zelenskiy, Zelenskiy, Jake Sullivan, General Antonio Guterres, Luiz Inacio Lula da Silva Lula, Benjamin Netanyahu, Netanyahu, Sullivan, Steve Holland, Jeff Mason, Heather Timmons, Grant McCool Organizations: Air Force One, REUTERS, General, Russian, Central, Democrat, NATO, Republican, UN, U.S, Reuters, White, House, Wednesday, Israeli, Thomson Locations: New York, U.S, Ukraine, Israel, Brazil, Russian, United States, Washington, Russia, China, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan, Iran

☆ Foreign holdings of US Treasuries increase in July, China holdings plunge -data
▼ + stars: | 2023-09-18 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +2 min

Total holdings of U.S. Treasuries climbed to $7.655 trillion in July, up from $7.562 trillion in the previous month. China's stash of Treasuries dropped to $821.8 billion, the lowest since May 2009, when it had $776.4 billion, data showed. "A lot of the increase in foreign holdings was from the Caymans, Luxembourg, Bermuda, which are associated with custodians. Major U.S. asset classes showed mixed results during the month, data showed. Data also showed U.S. residents increased their holdings of long-term foreign securities, with net purchases of $36.8 billion in July.

Persons: Kevin Lamarque, Treasuries, Gennadiy Goldberg, Goldberg, Gertrude Chavez, Dreyfuss, Chris Reese, Sonali Paul Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Analysts, TD Securities, U.S, Thomson Locations: Washington , U.S, U.S, Treasuries, China, New York, Luxembourg, Bermuda, Japan

☆ Here's what tax pros recommend after the IRS halts processing for small business tax credit
▼ + stars: | 2023-09-18 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Kevin Lamarque | ReutersAs the IRS pauses on processing new claims for a pandemic-era small business tax break, some filers are in limbo as the agency works on further guidance. The IRS on Thursday temporarily halted processing for amended payroll tax returns claiming the so-called employee retention tax credit, or ERC, which was enacted during the Covid-19 pandemic. More from Personal Finance:IRS halts processing of a small business tax breakDoes your business qualify for the employee retention credit? If you claimed the credit and are worried about eligibility, it's an excellent time to review your filing with a qualified tax professional, she said. My blanket advice is always to talk to a qualified tax professional who has filed [ERC claims] before.

Persons: Daniel Werfel, Kevin Lamarque, Danny Werfel, Jennifer Rohen, Craig Hausz, Hausz, There's Organizations: Reuters, IRS, ERC, Finance, CMH, CMH Advisors Locations: Worth, Dallas

☆ US Supreme Court's Jackson urges nation's history of racism to be taught
▼ + stars: | 2023-09-15 | by ( Andrew Chung | ) www.reuters.com time to read: +3 min

[1/2] U.S. Supreme Associate Justice Ketanji Brown Jackson waves during a photo opportunity outside the U.S. Supreme Court following an investiture ceremony for Justice Jackson at the court in Washington, U.S., September 30, 2022. Jackson used part of her speech as a warning against "complacency and ignorance." "Learning about our country's history can be painful, but history is also our best teacher," she said. In July, the state sparked controversy by approving new guidelines on teaching Black history, including how enslaved people acquired skills for "personal benefit." Jackson's speech echoed her dissent last June to the court's landmark ruling effectively ending college and university affirmative action policies in admissions.

Persons: Ketanji Brown Jackson, Justice Jackson, Kevin Lamarque, Jackson, Addie Mae Collins, Carole Robertson, Cynthia Wesley, Denise McNair, Ron DeSantis, Andrew Chung, Aurora Ellis Organizations: U.S, REUTERS, Supreme, Baptist Church, Ku Klux, Civil, Republican, African American Studies, Black, Thomson Locations: Washington , U.S, United States, Birmingham , Alabama, Birmingham, Florida, New York

☆ Ketanji Brown Jackson urges teaching of US history of racism
▼ + stars: | 2023-09-15 | by ( Andrew Chung | ) www.reuters.com time to read: +3 min

[1/2] U.S. Supreme Associate Justice Ketanji Brown Jackson waves during a photo opportunity outside the U.S. Supreme Court following an investiture ceremony for Justice Jackson at the court in Washington, U.S., September 30, 2022. Jackson used part of her speech as a warning against "complacency and ignorance." "Learning about our country's history can be painful, but history is also our best teacher," she said. Jackson's speech comes at a time of conflict in several states over the teaching of history in schools, especially in Florida, which has restricted some educational efforts regarding racism, slavery and LGBTQ rights. In July, the state sparked controversy by approving new guidelines on teaching Black history, including how enslaved people acquired skills for "personal benefit."

☆ New Mexico governor suspends guns in city's parks, playgrounds
▼ + stars: | 2023-09-15 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

Governor of New Mexico Michelle Lujan Grisham speaks at a Democratic Party of New Mexico campaign rally featuring U.S. President Joe Biden at the Gallegos Community Center in Albuquerque, New Mexico, U.S., November 3, 2022. Her unusual moved pulled New Mexico into a national debate on gun rights and public safety. “I’m going to continue pushing to make sure that all of us are using every resource available to put an end to this public health emergency with the urgency it deserves,” the Democratic governor said in a statement. A federal judge on Wednesday temporarily froze the firearms provisions of Lujan Grisham's initial health order pending further litigation. Keller on Wednesday urged Lujan Grisham to call a special session of the state legislature on gun violence.

Persons: New Mexico Michelle Lujan Grisham, Joe Biden, Kevin Lamarque, Michelle Lujan Grisham, “ I’m, Lujan, Lujan Grisham's, Tim Keller, Keller, Lujan Grisham, Andrew Hay, Donna Bryson, Grant McCool Organizations: Democratic Party of New, U.S, Gallegos Community Center, REUTERS, Democratic, National, Supreme, Albuquerque, Wednesday, Thomson Locations: New Mexico, Democratic Party of New Mexico, Albuquerque , New Mexico, U.S, Albuquerque, Bernalillo, New

☆ New Mexico mayor calls for legislative debate after gun ban
▼ + stars: | 2023-09-13 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

FILE PHOTO: Governor of New Mexico Michelle Lujan Grisham speaks at a Democratic Party of New Mexico campaign rally featuring U.S. President Joe Biden at the Gallegos Community Center in Albuquerque, New Mexico, U.S., November 3, 2022. REUTERS/Kevin Lamarque/File Photo(Reuters) - Albuquerque’s mayor is urging New Mexico Governor Michelle Lujan Grisham to call a special state legislative session on gun crime after the governor’s ban on carrying guns in his city threw it into the center of the U.S. gun-rights debate. “Albuquerque families can’t afford political debates that distract us from fighting violent crime,” Keller wrote. Gun violence kills around 500 people a year in New Mexico, which ranks sixth among U.S. states for gun deaths per capita, according to gun violence prevention group Everytown for Gun Safety. Albuquerque is among the 10 most dangerous U.S. cities, based on FBI violent crime data.

Persons: New Mexico Michelle Lujan Grisham, Joe Biden, Kevin Lamarque, Michelle Lujan Grisham, Lujan Grisham, Tim Keller, ” Keller, Froylan Villegas, Tatiana Villegas, Samaniego, Lujan Grisham’s Organizations: Democratic Party of New, U.S, Gallegos Community Center, REUTERS, New, Reuters, Albuquerque, Gun Safety Locations: New Mexico, Democratic Party of New Mexico, Albuquerque , New Mexico, U.S, New Mexico’s, Albuquerque

☆ US judge freezes New Mexico governor's gun ban
▼ + stars: | 2023-09-13 | by ( Andrew Hay | ) www.reuters.com time to read: +3 min

Governor of New Mexico Michelle Lujan Grisham speaks at a Democratic Party of New Mexico campaign rally featuring U.S. President Joe Biden at the Gallegos Community Center in Albuquerque, New Mexico, U.S., November 3, 2022. Her order outraged gun-rights advocates and drew backlash from fellow Democrats and law enforcement officials who labeled it unconstitutional. "Governor Grisham's tyranny is temporarily in check today," said Dudley Brown, president of a Colorado gun group that sued the governor. In the days after the gun ban, Albuquerque's mayor and Bernalillo County's sheriff both called for a special session of the state's legislature to deal with gun crime. Around 500 people die by guns each year in New Mexico, which ranks sixth among U.S. states for gun deaths per capita, according to gun violence prevention group Everytown for Gun Safety.

Persons: New Mexico Michelle Lujan Grisham, Joe Biden, Kevin Lamarque, Michelle Lujan Grisham, David Urias, Urias, Lujan Grisham's, I've, Lujan Grisham, Grisham's, Dudley Brown, Gun, Bernalillo, Tim Keller, Keller, Andrew Hay, Nate Raymond, Jarrett Renshaw, Stephen Coates, Diane Craft Organizations: Democratic Party of New, U.S, Gallegos Community Center, REUTERS, Supreme, Democratic, Santa Fe's, Gun Safety, Thomson Locations: New Mexico, Democratic Party of New Mexico, Albuquerque , New Mexico, U.S, Mexico's, Albuquerque, Colorado, Santa

☆ Factbox: US offshore wind projects facing inflation headwinds
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +10 min

One megawatt (MW) can power about 1,000 U.S. homes but since wind is an intermittent resource - 1 MW of offshore wind can power about 500 U.S. homes, according to offshore wind developers. SOUTH FORKDenmark's Orsted (ORSTED.CO), the world's largest offshore wind power developer, is building the 132-MW project off Rhode Island and Massachusetts. COMMONWEALTH WINDThe 1,232-MW project off Massachusetts, which was formerly a part of the larger New England Wind project, is also facing potential delays. ATLANTIC SHORES OFFSHORE WIND SOUTHThe joint venture between Shell and French EDF is developing a large offshore wind park off New Jersey. MARWINMaryland's first offshore wind project is expected to start operations in 2025-2026.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, GW, Lazard, Vineyard, Orsted, Eversource, NYSERDA, Norway's Equinor, Avangrid, MARWIN, Nerijus Adomaitis, Nichola Groom, Scott DiSavino, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S, U.S . Department of Energy, Reuters, Washington , D.C, U.S . Energy Information Administration, Avangrid, Copenhagen Infrastructure Partners, Public Service Enterprise, Orsted, Eversource Energy, Rhode Island Energy, Dominion Energy, Virginia Beach, Dominion, NYSERDA, COMMONWEALTH, Shell, EDF, US, Italy's Renexia SpA, US Wind, Thomson Locations: Washington , U.S, U.S, New England, New York, Pennsylvania, Washington ,, Spanish, Copenhagen, Rhode Island and Massachusetts, New Jersey, Rhode, Connecticut, Orsted, VIRGINIA, Virginia, York, Long, Montauk, Massachusetts, French, ATLANTIC, Atlantic Shores, Italy's Renexia, Maryland

☆ New Mexico sheriff refuses to enforce governor's gun ban
▼ + stars: | 2023-09-11 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

[1/2] Governor of New Mexico Michelle Lujan Grisham speaks at a Democratic Party of New Mexico campaign rally featuring U.S. President Joe Biden at the Gallegos Community Center in Albuquerque, New Mexico, U.S., November 3, 2022. Bernalillo County Sheriff John Allen said he did not want to endanger his deputies by making them enforce the ban. "This order will not do anything to curb gun violence other than punish law-abiding citizens who have a constitutional right to self defense," Allen said at a press briefing. Lujan Grisham last week declared gun violence a public health emergency after an 11-year-old boy was shot dead in Albuquerque, apparently in an act of road rage. New Mexico State Police has not issued any citations, spokesman Ray Wilson said.

Persons: New Mexico Michelle Lujan Grisham, Joe Biden, Kevin Lamarque, Michelle Lujan Grisham's, Lujan Grisham, Bernalillo County Sheriff John Allen, Allen, Ted Lieu, Albuquerque, Harold Medina, Ray Wilson, Andrew Hay, Lincoln Organizations: Democratic Party of New, U.S, Gallegos Community Center, REUTERS, New, Bernalillo County Sheriff, Constitution, New Mexico State Police, Thomson Locations: New Mexico, Democratic Party of New Mexico, Albuquerque , New Mexico, U.S, Albuquerque, Bernalillo, United States, Bernalillo County, Ted Lieu of California, Colorado

☆ The week in pictures
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: 1 min

[11/40]House Majority Leader Steve Scalise (R-LA) faces reporters after he won a majority of votes in the House Republican caucus to become their nominee for next Speaker of the House during a Republican meeting held behind closed doors in the Longworth House office building on Capitol Hill in Washington, October 11. REUTERS/Kevin LamarqueWASHINGTON, DC, UNITED STATES

Persons: Steve Scalise, Kevin Lamarque Organizations: Republican, REUTERS, UNITED STATES Locations: Longworth, Washington, Kevin Lamarque WASHINGTON, DC

However, as government policies started to line up in the industry's favor in recent years, offshore wind developers unveiled a host of new project proposals, mostly off the U.S. East Coast. Many contracts for offshore wind projects have no mechanism for adjustment in the case of higher interest rates or costs. In New York, offshore wind developers also sought to boost the price of power produced at their projects. Norway's Equinor EQNR.OL and its partner BP (BP.L) are seeking a 54% increase for the power produced at three planned offshore wind farms - Empire Wind 1 and 2 and Beacon Wind. But the offshore wind industry is not fully satisfied.

Persons: Joe Biden, Kevin Lamarque, Eli Rubin, Rubin, Equinor, France's, Scott DiSavino, Nerijus, Nichola Groom, Simon Webb, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S ., Dominion, EBW Analytics, Reuters, U.S . Federal Reserve, Commonwealth, BP, Nichola, Thomson Locations: Washington , U.S, U.S, Europe, U.S . East Coast, Rhode, Virginia, Massachusetts, New York, Oslo, Culver City

☆ Biden administration to announce cancellation of Alaska wildlife drilling leases-sources
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

U.S. President Joe Biden convenes the fourth virtual leader-level meeting of the Major Economies Forum (MEF) on Energy and Climate at the White House in Washington, U.S., April 20, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSept 6 (Reuters) - The U.S. Interior Department on Wednesday will announce the cancellation of oil and gas leases in a federal wildlife refuge that were bought by an Alaska state agency in 2021, according to sources briefed on the matter. The Alaska Industrial Development and Export Authority (AIDEA) was issued seven leases in the Arctic National Wildlife Refuge a day before the inauguration of President Joe Biden, who had pledged to protect the habitat for polar bears and caribou. Reporting by Jarrett Renshaw in Washington and Nichola Groom in Los AngelesOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Kevin Lamarque, Jarrett Renshaw, Nichola Groom Organizations: Major Economies, White, REUTERS, U.S . Interior Department, Alaska Industrial Development, Export Authority, Wildlife, Los Angeles Our, Thomson Locations: Energy, Washington , U.S, U.S, Alaska, Washington, Los Angeles

☆ Biden says he's disappointed that Xi will not attend G20 summit
▼ + stars: | 2023-09-03 | 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: +1 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. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsREHOBOTH BEACH, Delaware, Sept 3 (Reuters) - U.S. President Joe Biden said on Sunday that he was disappointed that Chinese President Xi Jinping was not attending the summit of G20 leaders in India, but added that he was going to "get to see him." "I am disappointed ... but I am going to get to see him," Biden told reporters in Rehoboth Beach, Delaware, without elaborating. Asked if he was looking forward to his trip, Biden said, "Yes, I am." I think they both (India and Vietnam) want much closer relations with the United States and that can be very helpful," Biden said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Li Qiang, Jeff Mason, Ismail Shakil, Diane Craft Organizations: REUTERS, Reuters, Thomson Locations: Bali , Indonesia, REHOBOTH BEACH , Delaware, India, Rehoboth Beach , Delaware, Vietnam, Asia, Beijing, New Delhi, United States

☆ Top US Senate Democrat Schumer warns against Republican 'brinkmanship' on spending
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

U.S. Senate Majority Leader Chuck Schumer speaks to reporters in the U.S. Capitol in Washington, U.S., June 13, 2023. "When the Senate returns next week, our focus will be on funding the government and preventing House Republican extremists from forcing a government shutdown." Republicans say sharp cuts in spending are needed to stem the nation's growing $31.4 trillion national debt. * There is disagreement within the House Republican caucus about the depth of the proposed cuts, with one moderate Republican likening them to a "root canal." * Goldman Sachs analysts said earlier this month that they view a shutdown as "more likely than not."

Persons: Chuck Schumer, Kevin Lamarque, Schumer, Republican Kevin McCarthy, Joe Biden, Goldman Sachs, Richard Cowan, Scott Malone, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, Senate, Republicans, Republican, Democratic, Thomson Locations: Washington , U.S, Washington

☆ Climate change turns US utilities grimly exciting
▼ + stars: | 2023-08-31 | by ( Robert Cyran | ) www.reuters.com time to read: +6 min

A hotter and stormier world is making life unpleasantly exciting for shareholders, as Hawaiian Electric Industries (HE.N) shows. Yet while European firms have buried power lines underground to avoid damage from storm and fires, American utilities have generally balked. The firm said a second fire began in the same area several hours later, after the utility had turned off local power lines. Separately, Hawaiian Electric Industries, the parent company of Hawaiian Electric, said on Aug. 24 it had suspended its dividend. The company said HEI had withdrawn $170 million and Hawaiian Electric had withdrawn $200 million from their existing revolving unsecured credit facilities to strengthen their balance sheets.

Persons: Joe Biden, Jill Biden, Josh Green, Jaime Green ,, Lady of, Kevin Lamarque, HEI, Fitch, Lawrence, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: Hawaii, REUTERS, Reuters, Hawaiian Electric Industries, United, Utilities, Hurricanes, Lawrence Berkeley National, Edison International, Consolidated Edison, Dow, Maui, Hawaiian Electric, Electric, Thomson Locations: Lady of Hawaii, Lahaina, Maui, Hawaii, U.S, United States, Americas, Europe, Alaska, California, New York, Arkansas , Louisiana, Texas

The boost to formal ties could bring billions of dollars of new private investment and some public funds to Vietnam's semiconductor industry. But industry officials, analysts and investors said that the small pool of trained experts will be a crucial hurdle for the rapid development of the chip industry. There's also a risk of inadequate supply of trained chips software engineers, said Hung Nguyen, senior program manager on supply chains at RMIT University Vietnam. The White House has not specified which segments of the chips industry in Vietnam will be prioritised, but U.S. industry executives have indicated that the back-end is a key growth sector. More private investment could come, especially if a significant share of the $500 million available under the U.S. CHIPS Act for global semiconductor supply chains ends up in Vietnam.

Persons: Joe Biden, Kevin Lamarque, Biden, Thanh, There's, Hung Nguyen, CHINA'S, Amkor, Janet Yellen, Hung, Francesco Guarascio, Steve Holland, Trevor Hunnicutt, Khanh Vu, Phuong, Muralikumar Organizations: U.S . Army, White, REUTERS, Companies, ASEAN Business Council, RMIT University Vietnam, Boston Consulting Group, Reuters, Intel, U.S . Treasury, Marvell, Thomson Locations: Vietnam, Washington , U.S, Hanoi, Washington, Vietnam Vietnam, HANOI, U.S, China, United States, Taiwan, Beijing, The U.S, Malaysia, India, Europe, Phuong Nguyen

☆ Explainer: Why the US is negotiating the price of 10 drugs
▼ + stars: | 2023-08-29 | by ( Patrick Wingrove | ) www.reuters.com time to read: +4 min

What are the Medicare drug price negotiations? The Medicare agency, known as the Centers for Medicare & Medicaid Services (CMS), was previously forbidden by law from bartering prices with manufacturers. The negotiations must end by Aug. 1, and Medicare will publish its list of new prices on Sept. 1. The process will begin again in February of 2025, when CMS selects another 15 costly prescription drugs for negotiations, with new prices on those going into effect in 2027. All the lawsuits seeking to avoid drug price negotiations argue that the new law is unconstitutional.

Persons: Joe Biden, Kevin Lamarque, Joe Biden’s, Patrick Wingrove, Bill Berkrot Organizations: Major Economies, White, REUTERS, U.S, Merck, Co's, Bristol Myers Squibb, Pfizer, Medicare, Medicaid Services, CMS, U.S . Chamber of Commerce, Thomson Locations: Energy, Washington , U.S

REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Aug 29 (Reuters) - A top U.S. banking regulator is set on Tuesday to propose heightened rules to ensure regional banks can be safely dissolved in times of stress. Now, regulators are looking to toughen their rules, particularly for regional banks like PNC Financial Services Group Inc and Citizens Financial Group Inc."The failure of three large regional banks this spring...demonstrated clearly the risk to financial stability that large regional banks can pose," said FDIC Chairman Martin Gruenberg in a speech earlier this month previewing the proposals. The regulator is also set to propose an overhaul to "living will" rules for banks, which require firms to detail how they could be safely taken apart after failing. As banks failed last spring, the FDIC was unable to find immediate buyers for some firms, such as Silicon Valley Bank. The banking industry is already pushing back against the upcoming proposal and similar efforts, calling them unjustified and economically harmful.

Persons: Martin Gruenberg, Kevin Lamarque, Gruenberg, JPMorgan Chase, Ian Katz, ”, Rob Nichols, Pete Schroeder, Megan Davies, Andrea Ricci Organizations: Deposit Insurance, Financial, Valley Bank, Signature Bank, Capitol, REUTERS, Rights, Federal Deposit Insurance Corporation, Financial Services Group Inc, Citizens Financial, Inc, FDIC, Silicon Valley Bank, First Republic Bank, JPMorgan, FDIC’s, Insurance Fund, Capital Alpha Partners, American Bankers Association, Thomson Locations: Washington , U.S, Silicon

American airlines jets sit at gates at Washington's Reagan National airport in Washington, U.S. April 29, 2020. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsAug 28 (Reuters) - The United States Transportation Department (USDOT) on Monday fined American Airlines (AAL.O) $4.1 million for unlawfully keeping thousands of passengers on the tarmac for hours, the largest-ever penalty for violating the rule. On one of the 43 flights, passengers were not provided with food and water as required. “This is the latest action in our continued drive to enforce the rights of airline passengers,” U.S. Transportation Secretary Pete Buttigieg said. While accepting this compromise settlement "American respectfully disagrees that certain of these tarmac delays warrant enforcement action under the extremecircumstances presented," it added.

Persons: Kevin Lamarque, USDOT, Pete Buttigieg, David Shepardson, Paul Grant, Rami Ayyub, Bill Berkrot Organizations: Reagan, REUTERS, United States Transportation Department, Monday, American Airlines, Aviation Consumer Protection, Dallas Fort Worth, Transportation, American, British Airways, Thomson Locations: Washington , U.S, Dallas, Dallas Fort Worth Airport, U.S

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