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☆ McCarthy lauds U.S. debt ceiling deal, House conservatives divided
▼ + stars: | 2023-06-04 | by ( David Lawder | ) www.reuters.com time to read: +4 min

The debt ceiling deal keeps fiscal 2024 spending flat at this year's levels, allowing a 1% increase for fiscal 2025. "Speaker McCarthy's position is absolutely safe," U.S. Representative Garret Graves, a Louisiana Republican who helped negotiate the debt ceiling deal, told CBS' "Face the Nation". DEAL PASSES IN DIVIDED CONGRESSBuck said that McCarthy promised Republicans that he would cut spending levels to fiscal 2022 levels, not the higher 2023 levels agreed in the deal, making the deal a loss the party. The deal was approved by 149 House Republicans and 165 Democrats, strong majorities of both parties. On Friday, Fitch Ratings it would keep the U.S. top tier credit rating on "negative watch" until the third quarter due to concerns over repeated brinkmanship over the debt ceiling, along with rising debt and deficits.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Ken Buck, Biden, Buck, Garret Graves, we've, Fitch, Shalanda Young, Young, David Lawder, Aurora Ellis Organizations: . House, Sunday, Democratic, Republican, Caucus, Republicans, Union, U.S, Louisiana Republican, CBS, Fox, Revenue Service, Freedom Caucus, Democrats, White, CNN, Thomson Locations: CNN's, U.S, Louisiana

☆ Lewis Hamilton lauds ‘amazing result’ for Mercedes with first double podium of the year, as Max Verstappen wins the Spanish Grand Prix
▼ + stars: | 2023-06-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Mercedes secured its first double podium of the year as Lewis Hamilton finished second and George Russell third at the Spanish Grand Prix, another race once again won by a dominant Max Verstappen. “What a result for our team,” Hamilton told Sky Sports afterwards. “A sign of things to come hopefully,” Russell told Sky Sports afterwards. Really pleased to be on the podium.”Russell and Hamilton finished on the podium behind Verstappen. While Red Bull has exerted its dominance since, Hamilton finished sixth in the drivers’ championship last year and Russell finished fourth.

Persons: CNN — Mercedes, Lewis Hamilton, George Russell, Max Verstappen, ” Hamilton, “, Ferrari’s Carlos Sainz, Russell, Sergio Perez, ” Russell, we’re, Hamilton, Verstappen, Hasan Bratic, Red Bull, Mercedes, Aston Martin, Ferrari, ” Mercedes ’, Toto Wolff, Bull, ” Organizations: CNN, Spanish, Sky Sports, Bulls, Prix, Aston, Ferrari, Getty Locations: Red, Abu Dhabi, British

WASHINGTON, June 2 (Reuters) - U.S. President Joe Biden declared a "crisis averted" on Friday in his first address from the White House's Oval Office, as he touted the passage of a bill to raise the U.S. debt ceiling and curb spending. [1/5] US President Joe Biden addresses the nation on averting default and the Bipartisan Budget Agreement, in the Oval Office of the White House in Washington, DC, June 2, 2023. U.S. presidents have generally reserved an address from the Oval Office for the most significant, and dramatic of events: the attacks of Sept. 11, 2001, for example, or the Challenger space shuttle explosion. The White House said Biden was making his remarks there because of the gravity of the situation had the debt ceiling not been raised. Former President Barack Obama made remarks from the Oval Office in the aftermath of the 2010 BP oil spill in the Gulf Coast.

Persons: Joe Biden, Biden, Kevin McCarthy, JIM WATSON, ” Biden, Ronald Reagan, George W, Bush, Barack Obama, Jeff Mason, Trevor Hunnicutt, Heather Timmons, Alistair Bell, Diane Craft Organizations: White, Senate, REUTERS, Fitch, AAA, Challenger, Union, Capitol, Thomson Locations: Washington , DC, United States, Gulf

☆ Biden lauds U.S. job growth, says debt ceiling bill to also boost economy
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, June 2 (Reuters) - U.S. President Joe Biden said the bipartisan debt ceiling bill is expected to further boost the nation's economic outlook after data released earlier on Friday showed higher U.S. employment for May. "I look forward to signing the bipartisan budget agreement into law," Biden said in a statement released by the White House. Reporting by Susan Heavey; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Biden, Susan Heavey, Chizu Organizations: White House, Thomson

☆ Biden lauds debt ceiling deal in face of GOP skeptics
▼ + stars: | 2023-05-30 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBiden lauds debt ceiling deal in face of GOP skepticsPostedA handful of hard-right Republican lawmakers said on Monday they would oppose a deal to raise the United States' $31.4 trillion debt ceiling, in a sign that the bipartisan agreement could face a rocky path through Congress before the U.S. runs out of money next week. Ryan Chang reports.

☆ Thailand's Thaksin lauds 'disruptors' Move Forward for election triumph
▼ + stars: | 2023-05-16 | by ( Chayut Setboonsarng | ) www.reuters.com time to read: +3 min

Before Sunday's vote, Thaksin's populist political juggernaut had won every election since 2001, despite being ousted from office three times. Move Forward had strong appeal and organisation in university towns, Thaksin said, adding many young people convinced their parents to vote for Move Forward. "Pheu Thai got hammered because we did not disrupt ourselves enough. Move Forward's trend overcame Pheu Thai and the other parties that had money," he said. Thaksin also pledged loyalty to the palace and stressed Pheu Thai would not back any actions by Move Forward that would impact the monarchy.

☆ IMF lauds 'quick and orderly resolution' of First Republic by US regulators
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, May 1 (Reuters) - The International Monetary Fund (IMF) appreciates quick action by U.S. regulators to seize First Republic Bank (FRC.N) and find a private buyer, an IMF spokesperson said on Monday. It said the resilience of the global financial system continued to be tested and strains were evident across a number of institutions and markets. "Recent events continue to remind us of the challenges posed by the interaction between tighter monetary and financial conditions and the buildup in vulnerabilities in the global financial system. We appreciate the quick and orderly resolution of this troubled bank by the U.S. regulators,” the spokesperson said. Reporting by Andrea Shalal and David Lawder; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ ABB CEO: Saw highest first-quarter performance in company's history
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailABB CEO: Saw highest first-quarter performance in company's historyBjörn Rosengren, CEO of ABB, lauds the company's highest first-quarter performance in history and weighs in on potential IPOs and the outlook for the rest of the year.

☆ Republican state officials in Louisiana ask lawmakers to ban the study of racism at universities, citing divisive 'inglorious aspects' of US history
▼ + stars: | 2023-04-16 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

The Louisiana GOP wants to prohibit the study of racism at state colleges and universities. A GOP resolution, seen by NOLA.com, claimed the "inglorious aspects" of American history were too divisive. It comes amid a nationwide GOP effort to scrub race issues from public schools and public life. GOP Party officials in the state want Louisiana lawmakers to prohibit the study of racism at colleges and universities, claiming the "inglorious aspects" of American history are too divisive, according to NOLA.com, which cites a GOP resolution on the matter. According to NOLA.com, the GOP resolution argued that "DEI bureaucracies" act as "divisive ideological commissariats," criticizing programs at LSU and the University of Louisiana System.

[1/7] BERLIN, GERMANY - MARCH 30: King Charles III addresses members of the German Bundestag at the Reichstag Building on March 30, 2023 in Berlin, Germany. The king, on the second day of a three-day trip to Germany, alternated between German and English for the half-hour speech, which won a standing ovation from lawmakers. Both Britain and Germany had shown "vital leadership", Charles said, praising Berlin's decision to provide large military support to Ukraine as "remarkably courageous, important and appreciated". Throughout his visit, German officials have praised his interest in environmental causes and sustainability that has shone through in the engagements he has chosen to understake. Charles had been due to travel first to France but cancelled that part of the tour due to violent social unrest there.

☆ Ukraine Keeps Up Defense of Bakhmut as Zelensky Lauds Soldier Executed by Russians
▼ + stars: | 2023-03-13 | by ( Yaroslav Trofimov | ) www.wsj.com time to read: 1 min

KYIV, Ukraine—Ukraine’s forces continued to defend the embattled eastern city of Bakhmut on Monday as President Volodymyr Zelensky posthumously gave the nation’s highest award to a Ukrainian soldier who had been filmed saying “Glory to Ukraine” before he was executed by Russian troops. After initial errors, Ukrainian authorities identified the soldier as Oleksandr Matsiyevsky, a sniper in the 119th Territorial Defense Brigade from the northern region of Chernihiv. A video released by a unit affiliated with Russia’s Wagner paramilitary organization showed him smoking next to what seemed like a freshly dug grave.

☆ China’s Top Diplomat Lauds Strength of Russia Ties in Putin Meeting
▼ + stars: | 2023-02-22 | by ( Ann M. Simmons | Austin Ramzy | ) www.wsj.com time to read: 1 min

MOSCOW—Russian President Vladimir Putin and China’s top diplomat, Wang Yi, touted the resilience of their countries’ partnership amid growing antagonism with the West, as Moscow presses on with its war in Ukraine and Beijing says it seeks a role as a mediator in the conflict. The partnership between the two countries has deepened since the start of the war, troubling the U.S. and its Western allies. Both countries have declared that their friendship has “no limits” and China has extended an economic lifeline to Russia, which is grappling with Western sanctions in response to its Ukraine invasion.

☆ Biden lauds 'bipartisan progress' as he dines with Republican, Democratic governors
▼ + stars: | 2023-02-12 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

[1/5] U.S. President Joe Biden speaks to the U.S. governors and their spouses for a black-tie dinner in the East Room of the White House in Washington, D.C., U.S. February 11, 2023. REUTERS/Ken CedenoWASHINGTON, Feb 11 (Reuters) - U.S. President Joe Biden appealed to Republican and Democratic governors on Saturday to continue working across political divides to improve Americans' lives and rebuild the economy after the hardships brought by the COVID-19 pandemic. Speaking at a black-tie dinner at the White House attended by Vice President Kamala Harris and 31 governors, Biden said the passage of laws on investing in infrastructure and domestic manufacture of semiconductors by both Republicans and Democrats was evidence of "some bipartisan progress." Republican Governor Spencer Cox of Utah, vice-chair of the National Governors Association, said it was "very symbolic" to have Republicans and Democrats "breaking bread together" at the White House. The bipartisan laws passed last year were gamechangers for the U.S. economy, New Jersey Governor Chris Murphy, a Democrat who chairs the association, told a governors' event at the White House on Friday.

☆ North Korea's Kim lauds army ahead of expected military parade
▼ + stars: | 2023-02-08 | by ( Josh Smith | ) www.reuters.com time to read: +3 min

[1/5] North Korean leader Kim Jong Un, his wife Ri Sol Ju and their daughter Kim Ju Ae attend a banquet to celebrate the 75th anniversary of the Korean People's Army the following day, in Pyongyang, North Korea February 7, 2023 in this photo released February 8, 2023 by North Korea's Korean Central News Agency (KCNA). KCNA via REUTERSSEOUL, Feb 8 (Reuters) - North Korean leader Kim Jong Un called for strengthening the country's military, state media reported on Wednesday, as he paid tribute to soldiers and met with troops amid expectations for a major military parade showcasing the latest weapons. According to international analysts, commercial satellite imagery has for months shown North Korean troops practicing for a major military parade that is expected this week. Despite United Nations Security Council resolutions and sanctions, North Korea has forged ahead with banned nuclear weapons and ballistic missile development. South Korea and the United States have stepped up their own military drills to counter the North, drawing condemnation from Pyongyang.

House Oversight Committee Chairman Rep. James Comer, R-Ky., effusively praised Twitter owner Elon Musk Wednesday for "being transparent" about the tech platform. "God bless Elon Musk," Comer said in an interview on CNBC's "Squawk Box." Comer's comments came just days after Musk visited Washington and met with House Republican leaders for over an hour, a group that included Comer. So while McCarthy and Republicans met with Musk for over an hour, Jeffries literally just "met" him. WATCH: Elon Musk polls Twitter users over whether he should remain as CEO

☆ Cathie Wood sees bitcoin rising above $500,000 and lauds its resiliency after FTX collapse
▼ + stars: | 2023-02-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Ark Invest chief investment officer Cathie Wood is still bullish on the cryptocurrency, however, and continues betting its price will eventually reach $500,000, she told CNBC's "Squawk Box" Wednesday morning. Wood is also a big investor in the Grayscale Bitcoin Trust, known by its ticker GBTC, through the ARK Next Generation Internet ETF (ARKW) . Last year, Grayscale sued the Securities and Exchange Commission over its decision to block the conversion of its Grayscale Bitcoin Trust to an exchange-traded fund. "The SEC has dragged its feet in terms of a bitcoin ETF, while approving a bitcoin futures ETF – it just doesn't make any sense to us," Wood added. Wood just posted her best month ever as her beaten-down favorite stocks staged a big comeback in the new year.

☆ Yellen lauds Ford's 100-year history in South Africa, flags more investments
▼ + stars: | 2023-01-26 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

REUTERS/Siphiwe SibekoSILVERTON, South Africa, Jan 26 (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co's 100-year history of assembling vehicles in South Africa and underscored Washington's resolve to expand trade ties with countries that it "can count on," including South Africa. About 600 U.S. companies operate in South Africa, employing about 220,000 people and generating revenue equivalent to about 10% of South Africa's entire gross domestic product, U.S. Ambassador to South Africa Reuben Brigety said at the event. As in her comments to South Africa's finance minister earlier on Thursday, Yellen did not address South Africa's refusal to take sides over Russia's war in Ukraine or Washington's concern over military exercises it plans with China and Russia. That includes our many trusted trading partners on this continent — like South Africa."

☆ IEA chief lauds U.S. Inflation Reduction Act as most important climate agreement since Paris accord
▼ + stars: | 2023-01-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

The IEA's Birol said the world had "never, ever seen an energy crisis of this depth and complexity" following Russia's full-scale invasion of Ukraine in February. International Energy Agency Executive Director Fatih Birol on Tuesday hailed the U.S. Inflation Reduction Act as the most important climate agreement since the landmark Paris Agreement. "The Inflation Reduction Act, in my view, is the most important climate action after the Paris 2015 agreement," Birol said during a panel on energy security at the World Economic Forum in Davos, Switzerland. The act, which contains some giveaways to fossil fuel interests, was by far the biggest climate legislation in U.S. history. The world's governments agreed in the 2015 Paris climate accord to limit global heating to well below 2 degrees Celsius and pursue efforts to limit the temperature rise to 1.5 degrees Celsius.

That journey hit a milestone Monday, when Congress passed a law named after Salas' son, Daniel Anderl. "We can't forget that Judge Salas was not just targeted for being a judge. "Judge Salas and her family were victims of a horrific hate crime." Congress ultimately passed the Daniel Anderl Judicial Security and Privacy Act on Thursday as part of the annual defense authorization bill. Marshals Service to hire additional analysts, security specialists and other personnel to help prevent threats to federal judges.

[1/3] Suspected Russian arms dealer Viktor Bout is escorted by members of a special police unit after a hearing at a criminal court in Bangkok October 5, 2010. "Everyone will forget about Griner tomorrow," Russian state television host Yevgeny Popov wrote on Telegram on Thursday. "Bout's life is only beginning." Bout arrived in Moscow late on Thursday after Russia and the United States swapped the arms dealer for Griner at Abu Dhabi airport. U.S. anger at Bout's release has been widely covered in the Russian media, with the pro-Kremlin tabloid Moskovsky Komsomolets claiming that Department of Defense officials were "disturbed" by the exchange, citing U.S. media reports.

The G7 and Australia said in a statement the price cap would take effect on Dec. 5 or very soon thereafter. "The Price Cap Coalition may also consider further action to ensure the effectiveness of the price cap," the statement read. The G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it will prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap. Because the most important shipping and insurance firms are based in G7 countries, the price cap would make it very difficult for Moscow to sell its oil for a higher price. The initial G7 proposal last week was for a price cap of $65-$70 per barrel with no adjustment mechanism.

☆ U.S. lauds wounded hero Pulisic for getting them into last 16
▼ + stars: | 2022-11-29 | by ( Martin Petty | ) www.reuters.com time to read: +3 min

But he could not even celebrate the goal as he had injured himself following a collision with Iran goalkeeper Alireza Beiranvand. The United States join Group B rival England in advancing to the round of 16, fielding what was the national team's youngest ever starting 11 in a must-win match against a physically tough Iran side. Going back, him not qualifying for the last World Cup and then being here and qualifying us through that's the work of God and I love him. "He's so important to this team, he's a key player, a leader and someone that we definitely need." Reporting by Martin Petty, Additional reporting by Rory Carroll; editing by Pritha Sarkar/Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

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