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☆ Senate Republicans oppose vote just to raise US debt ceiling, push for other priorities
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +2 min

Biden will meet with four top congressional leaders on Tuesday to discuss spending priorities, according to the White House. Schumer said this week that the Senate might consider a bill that only raises the debt ceiling without addressing other Republican priorities. With only a 51-49 majority in the Senate, Schumer would need the support of at least nine Republicans to clear a 60-vote threshold to advance such legislation. The latest Senate Republican letter shows the party could block a so-called "clean" debt ceiling bill. The House in late April passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade.

☆ Police responding to shooting at Texas mall, multiple people injured
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +2 min

[1/4] Police respond to a shooting in the Dallas area's Allen Premium Outlets, which authorities said has left multiple people injured in Allen, Texas, U.S. May 6, 2023 in a still image from video. ABC Affiliate WFAA via REUTERSMay 6 (Reuters) - Police were responding to a shooting at a busy suburban Dallas mall on Saturday that left multiple people injured, authorities said. There was no word on deaths or the number of people injured at the Allen Premium Outlets mall where the shooting took place, about 25 miles (40 km) northeast of Dallas. "Law enforcement is on the scene at Allen Premium Outlets. Allen, Texas, is a community of about 100,000 people.

WASHINGTON, May 3 (Reuters) - The U.S. Senate on Wednesday voted to repeal President Joe Biden's suspension of tariffs on solar panels from four Southeast Asian nations, a measure aimed at supporting the small domestic manufacturing industry. Biden has vowed to veto the legislation, which passed the House of Representatives last week. The House resolution that passed the Senate was introduced under the Congressional Review Act (CRA), a law that allows Congress to reverse federal agency rules. Top clean energy trade groups had called on members of Congress to oppose the measure. The Solar Energy Industries Association projected that its passage would result in cancellation of 14% of the industry's planned new capacity this year and the loss of $4.2 billion in investment.

U.S. Treasury Secretary Janet Yellen said in a letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling is not raised, putting new urgency on talks in Congress. Let's get the debt ceiling taken care of, but let's talk about how we can reduce the deficit and common sense ways," Democratic Senator Jon Tester told reporters. "If we don't get the debt ceiling, then we go into a depression." Republican Senator Mitt Romney said. We must change course, cleanly raise the debt ceiling, and avert widespread economic pain and instability while we still can."

☆ Reactions: US Treasury's new June 1 debt ceiling X-date
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +5 min

We must change course, cleanly raise the debt ceiling, and avert widespread economic pain and instability while we still can." The clock is ticking - and much faster than many suspected - so House Republicans need to drop their dangerous opposition to paying our nation’s bills." The President must negotiate on raising the debt ceiling." Let's get the debt ceiling taken care of, but let's talk about how we can reduce the deficit and common-sense ways. If we don't get the debt ceiling, then we go into it a depression."

☆ New York repatriates three antiquities to Yemen after seizing them from Met board member
▼ + stars: | 2023-04-28 | by ( Moira Warburton | ) www.reuters.com time to read: +1 min

April 28 (Reuters) - New York will return three antiquities worth $725,000 to the people of Yemen, Manhattan District Attorney Alvin Bragg announced on Friday, as part of a criminal investigation into a Manhattan-based private collector. The investigation into White by the Manhattan Antiquities Trafficking Unit "has allowed dozens of antiquities that were ripped from their countries of origin to finally return home," Bragg said. "These are just three of nearly 1,000 antiquities we have repatriated over the past 16 months." In December, the Art Newspaper, a trade publication, reported that the Manhattan district attorney's office had seized $24 million worth of antiquities from White's apartment. The Yemeni pieces will be on temporary display at the Smithsonian Institute in Washington until Yemeni authorities can safely repatriate them.

WASHINGTON, April 27 (Reuters) - West Virginia Governor Jim Justice launched his campaign on Thursday for the Republican nomination to challenge Democratic U.S. Senator Joe Manchin, a moderate who has been a constant thorn in his party's side. Justice, 72, has repeatedly changed parties, most recently in 2017 when he switched his registration to Republican after being elected as a Democrat in 2016. Manchin has been a key vote on every major piece of legislation of Biden's tenure, as a moderate representing an increasingly conservative state. Justice, a coal-mining billionaire, would first need to win a Republican primary against U.S. Representative Alex Mooney to become his party's nominee to challenge Manchin in 2024.

☆ White House: Monitoring situation at First Republic, could step in if needed
▼ + stars: | 2023-04-27 | by ( Andrea Shalal | ) www.reuters.com time to read: +1 min

WASHINGTON, April 27 (Reuters) - The White House is continuing to monitor the situation at First Republic Bank, which has continued to lose deposits this week, spokesperson Karine Jean-Pierre said on Thursday, vowing that the Biden administration stood ready to take action if needed. Deposits at regional banks have stabilized and the Biden administration can use the same tools it used in recent weeks to address financial stress if needed, she said. "We have used important tools to quickly stabilize the banking system. Certainly we are monitoring this situation," she told reporters when asked about growing market worries about First Republic. Reporting by Andrea Shalal; Writing by Moira Warburton; Editing by Tim ahmannOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. and South Korea agreed to boost economic partnerships in chips, EVs, batteries
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, April 26 (Reuters) - South Korea and the U.S. agreed to boost economic partnerships in critical technology industries such as microchips, electric vehicles and batteries, said South Korean President Yoon Suk Yeol. Reporting by Moira Warburton in Washington; Editing by Caitlin WebberOur Standards: The Thomson Reuters Trust Principles.

☆ Top US Senate Republican backs Supreme Court chief amid calls for Thomas probe
▼ + stars: | 2023-04-18 | by ( Katharine Jackson | ) www.reuters.com time to read: +1 min

WASHINGTON, April 18 (Reuters) - U.S. Senate Republican Leader Mitch McConnell on Tuesday expressed support for the Supreme Court's chief justice as Democrats urge him to investigate luxury trips taken by Justice Clarence Thomas that were paid for by a Republican donor. “I have total confidence in the Chief Justice of the United States to deal with these court internal issues,” McConnell told reporters. Senate Judiciary Committee Democrats, in a letter sent to Chief Justice John Roberts on April 10, said Thomas' conduct violated ethical standards. ProPublica reported on April 6 that Thomas accepted expensive trips from Republican donor and real estate magnate Harlan Crow over decades without disclosing them. Thomas defended the trips, saying he had been advised he was not required to report that type of "personal hospitality."

☆ Top US Senate Republican backs U.S. Supreme Court chief amid calls for Thomas probe
▼ + stars: | 2023-04-18 | by ( Katharine Jackson | ) www.reuters.com time to read: +1 min

☆ Biden to host Colombian President Petro on April 20
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, April 14 (Reuters) - U.S. President Joe Biden will host a bilateral meeting with Colombian President Gustavo Petro, White House spokesperson Karine Jean-Pierre said in a statement on Friday. "I am grateful to President Biden for his invitation," Petro said on Twitter. The meeting will take place in Washington on April 20. Petro, who took office last year, has derided the U.S.-led war on drugs as a failure and called for a new international approach. Colombia's attorney general, who is critical of Petro's policies, has said the country risks losing U.S. support because of rising coca output and a the bill to allow criminal gangs to surrender in exchange for lesser sentences.

☆ Canada's top court upholds Quebec's ban on homegrown cannabis
▼ + stars: | 2023-04-14 | by ( Moira Warburton | ) www.reuters.com time to read: +1 min

April 14 (Reuters) - The Canadian Supreme Court ruled on Friday that Quebec's provincial ban on cannabis grown in private homes is constitutional, in a blow to cannabis advocates who said it was at odds with a federal law allowing a small number of plants to be grown for personal use. The country's top court sided with the Quebecois provincial government, who banned cannabis plants grown at home after Canada legalized weed federally in 2018. Federal law states that a limited number of plants grown at home for personal use is legal, but Quebec law bans this. He won in Quebec's Supreme Court, but that ruling was overturned by the province's court of appeals, bringing it to the Supreme Court of Canada. "We are satisfied with the judgment of the Supreme Court confirming Quebec’s full capacity to act in the matter," he said on Twitter.

☆ U.S. Senate panel to hold hearing on Biden's Labor nominee Su next week
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, April 13 (Reuters) - The U.S. Senate Labor committee will hold an April 20 confirmation hearing on U.S. Labor Secretary nominee Julie Su, panel chairman Senator Bernie Sanders said in a statement. President Joe Biden had nominated Su for the Cabinet post in February but her nomination has raised some pushback from industry circles. Reporting by Jasper Ward and Moira Warburton; writing by Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.

☆ King Charles invited Biden for state visit, Biden accepted - White House
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, April 5 (Reuters) - Britain's King Charles has invited U.S. President Joe Biden to the United Kingdom for a state visit and Biden accepted, the White House said on Wednesday. The invitation came during a conversation between Biden and Charles on Tuesday in which Biden informed the king that U.S. first lady Jill Biden would attend his coronation in May. A print of the picture of Britain's King Charles, used on the bottles of a coronation ale called Return Of The King, is seen at the bar area of the Windsor and Eton Brewery, in Windsor Britain, April 5, 2023. REUTERS/Peter Nicholls/File Photo"The president was appreciative of the offer by the King and looks forward to that state visit," White House spokesperson Karine Jean-Pierre told reporters. Reporting by Steve Holland and Moira Warburton in Washington; Editing by Tim AhmannOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON, March 30 (Reuters) - The U.S. House of Representatives on Thursday passed a Republican energy reform bill intended to bolster U.S. oil and gas production while scaling back climate initiatives, the first major legislation of House Speaker Kevin McCarthy's majority. The House passed the Lower Energy Costs Act by a mostly partisan 225-204 vote. The bill would deliver on a top 2022 Republican campaign pledge to lower Americans' energy costs but faces little chance of making it through the Democratic-led Senate, where Majority Leader Chuck Schumer has declared it "dead on arrival." "The Senate is not going to waste our time on a bill that sets America back decades on our transition to clean energy," Schumer said in a Senate speech shortly before the House vote. Party disagreement over the House bill partly reflected gaping divisions over how to streamline permitting for energy projects, a goal otherwise shared by both Republicans and Democrats.

☆ Airline, banking and rail oversight top U.S. progressives' wish list for Biden
▼ + stars: | 2023-03-30 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

REUTERS/Jim VondruskaWASHINGTON, March 30 (Reuters) - Liberal Democrats in the U.S. Congress called on President Joe Biden on Thursday to take executive action to crack down on misconduct in the banking, airline and rail transportation industries. The caucus, made up of 101 U.S. House Democrats and independent Senator Bernie Sanders, has grown in influence in recent years under Representative Pramila Jayapal's leadership. "These are actions that we believe the White House and federal agencies have the authority and the ability to take now," Jayapal told reporters on Thursday. With the House of Representatives narrowly controlled by Republicans and the Senate narrowly controlled by Democrats, progress on legislation is increasingly rare, leading presidents to rely more heavily on executive action. Biden's Democratic administration has taken the caucus's advice on multiple occasions, most notably on canceling student debt through executive action.

☆ Parkland parents forcibly removed, arrested at U.S. House hearing on gun control
▼ + stars: | 2023-03-23 | by ( Moira Warburton | ) www.reuters.com time to read: +1 min

WASHINGTON, March 23 (Reuters) - The parents of one of the 17 people killed in a 2018 mass shooting at a high school in Parkland, Florida, were forcibly removed on Thursday from a U.S. House of Representatives hearing on guns, videos showed. Manuel Oliver was pinned to the ground outside the hearing and arrested by Capitol Hill Police. His wife, Patricia Oliver, was also removed from the hearing by police. The Olivers' son, Joaquin, was 17 when he was killed by a mass shooter at Marjorie Stoneman Douglas High School. The incident led to a mass movement among youth and parents of gun violence victims to push for stricter gun laws in the United States.

☆ US Senate Banking Committee to hold hearings on Silicon Valley Bank collapse
▼ + stars: | 2023-03-21 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

WASHINGTON, March 21 (Reuters) - The U.S. Senate Banking Committee will hold the first of several hearings on the collapse of Silicon Valley Bank and Signature Bank on March 28, Democratic Chairman Sherrod Brown said on Tuesday. "It is critical that we get to the bottom of how Silicon Valley Bank and Signature Bank collapsed so that we can maintain a strong banking system, protect Americans' hard-earned money, and hold those responsible accountable, including the CEOs," Brown said. Silicon Valley Bank was taken over by federal regulators on March 10, with Signature Bank following suit a few days later. Multiple federal agencies - including the U.S. Department of Justice and the Securities and Exchange Commission - are probing SVB. Last week, Brown told reporters that new bank industry legislation is unlikely to emerge from Congress.

[1/2] The Credit Suisse logo adorns a sign at the entrance to their campus in Research Triangle Park in Morrisville, North Carolina, U.S., March 15, 2023. In its statement early Thursday, Credit Suisse said it is exercising its option to borrow from the Swiss National Bank up to 50 billion Swiss francs ($54 billion). They said the bank could access liquidity from the central bank if needed. Credit Suisse said it welcomed the statement of support from the Swiss National Bank and FINMA. The U.S. Treasury also said it is monitoring the situation around Credit Suisse and is in touch with global counterparts, a Treasury spokesperson said.

March 15 (Reuters) - Swiss regulators pledged a liquidity lifeline to Credit Suisse (CSGN.S) in an unprecedented move by a central bank after the flagship Swiss lender's shares tumbled as much as 30% on Wednesday. They said the bank could access liquidity from the central bank if needed. Credit Suisse said it welcomed the statement of support from the Swiss National Bank and FINMA. Hoping to quell concerns, FINMA and the Swiss central bank said there were no indications of a direct risk of contagion for Swiss institutions from U.S. banking market turmoil. The logo of Swiss bank Credit Suisse is seen in front of an office building in Zurich, Switzerland October 26, 2022.

☆ Top US Senate Democrat Schumer wants legislative response to banking ills
▼ + stars: | 2023-03-15 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

"We need strong legislation and hopefully we can put something together that's bipartisan," Schumer told reporters following a closed policy lunch with his fellow Democrats. Calls for increased oversight of the U.S. banking industry grew as fallout from Friday's collapse of Silicon Valley Bank (SVB) widened. Senate Banking Committee Chairman Sherrod Brown, however, downplayed the likelihood of Congress passing a "significant" banking bill anytime soon. Republicans hold a narrow majority in the House of Representatives and Democrats do not control enough votes in the Senate to advance legislation without Republican cooperation. Reporting by Moira Warburton and Richard Cowan in Washington; Editing by Mark Porter and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

March 15 (Reuters) - Swiss regulators said Credit Suisse (CSGN.S) can access liquidity from the central bank if needed, racing to assuage fears around the lender after it led a rout in European bank shares on Wednesday. The U.S. Treasury is monitoring the situation around Credit Suisse and is in touch with global counterparts about it, a Treasury spokesperson said. They slid again as a crisis of confidence gripped Credit Suisse on Wednesday after its largest investor said it could not provide Credit Suisse with more financial assistance because of regulatory constraints. The logo of Swiss bank Credit Suisse is seen in front of an office building in Zurich, Switzerland October 26, 2022. Ralph Hamers, CEO of Credit Suisse rival UBS (UBSG.S) said market turmoil has steered more money its way.

☆ Biden says will address banking crisis on Monday morning
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: 1 min

NEW CASTLE, Delaware, March 12 (Reuters) - U.S. President Joe Biden said on Sunday he would address the banking crisis Monday morning, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of Silicon Valley Bank (SIVB.O). Asked by reporters when he would address the banking crisis, Biden said "tomorrow morning." Reporting by Moira Warburton and Trevor Hunnicutt; Writing by Daphne Psaledakis; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

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