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Powell acknowledged as a positive development that inflation has fallen from the highs of last year without serious damage to the economy. "We'll be comfortable cutting rates when we're comfortable cutting rates, and that won't be this year," Powell said. 'MODERATE' GROWTHU.S. Treasury yields slid in choppy trading after the release of the Fed policy statement, while U.S. stocks ended largely unchanged. Futures markets showed little change in bets on the path of Fed rate increases over the remainder of the year, with small odds given to a rise in September. Though Powell said Fed staff had relaxed a prediction of a recession in coming months, outside analysts still think that's what it may take to finish the inflation fight.

Persons: Powell, Jerome Powell, Elizabeth Frantz Powell, what's, Kathy Bostjancic, nodded, Taylor Swift, he's, Veronica Clark, we're, Howard Schneider, Michael S, Safiyah Riddle, Paul Simao Organizations: Federal Reserve, Fed, Reuters, U.S . Federal Reserve, Federal, Committee, REUTERS, Treasury, Nationwide, Citi, Derby, Thomson Locations: WASHINGTON, U.S, Washington , U.S

"Darkness and denialism can hide much but they erase nothing," Biden told guests in the ornate, marble-edged Indian Treaty Room next to the White House, before signing the proclamation. [1/5]U.S. President Joe Biden signs a proclamation to establish the Emmett Till and Mamie Till-Mobley National Monument in Illinois and Mississippi, at the White House in Washington, U.S., July 25, 2023. Signs erected at Graball Landing since 2008 to commemorate Till's killing have been repeatedly defaced by gunfire. Biden screened a film recounting the killing and its aftermath, "Till," at the White House in February. Last March, he signed into law a bipartisan bill named for Till that for the first time made lynching a federal hate crime.

Persons: Joe Biden, Emmett Till, Mamie Till, Bradley, Biden, Donald Trump, Ron DeSantis, Kamala Harris, Elizabeth Frantz, Patrick Weems, Emmett, Thomas Edison's, Wheeler Parker Jr, Till's, Parker, Trevor Hunnicutt, Jonathan Allen, Steve Holland, Heather Timmons, Lincoln, Mark Porter Organizations: Rights, White, Republican, REUTERS, Temple Church of God, National Park Service, of, Thomson Locations: Chicago, Money , Mississippi, Florida, Illinois, Mississippi, Washington , U.S, Tallahatchie, Sumner , Mississippi, America, Washington

☆ Exclusive: Hunter Biden's gallery sold his art to a Democratic donor 'friend' who Joe Biden named to a prestigious commission
▼ + stars: | 2023-07-24 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +10 min

Internal gallery documents reveal that sales of Hunter Biden's art brought in $1.3 million. The messaging seemed to suggest that Hunter Biden's art patrons came from a rarified universe of collectors who had nothing to do with the hurly burly of politics. Hunter Biden did in fact learn the identity of two buyers, according to three people directly familiar with Hunter Biden's own account of his art career. In the past, Hunter Biden has privately suggested that he could arrange to have friends seated on the commission. In fact, according to the person familiar with Hunter Biden's account, Morris purchased the art through Biden's gallery.

Persons: Hunter Biden, Elizabeth Hirsh Naftali, Kevin Morris, Hunter Biden's, Joe Biden, Hunter, Hirsh Naftali, Biden, Kamala Harris, Hirsh Naftali's, —, Nancy Pelosi, Ian Sams, Bruce Weinstein, it's, Weinstein, Eric Schwerin, Barack Obama, Eric, Schwerin, Abbe Lowell, Lowell, Georges Bergès, Hunter Biden's gallerist, Hunter Biden deplanes, Elizabeth Frantz, Morris, Charlie Horne, Gurr Johns, he'd, Kedric Payne, Mattathias Schwartz Organizations: Service, Biden White, Biden White House, California Democratic, Democratic National Campaign, Commission, America's, RAND Corporation, Air Force, New York Times, Times, Department of Justice Locations: Wall, Silicon, New York, Los Angeles, California, Israel, Europe, Syracuse , New York

☆ US senators to get classified White House AI briefing Tuesday
▼ + stars: | 2023-07-10 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Elizabeth Frantz/File PhotoWASHINGTON, July 10 (Reuters) - The White House will brief senators Tuesday on artificial intelligence in a classified setting as lawmakers consider adopting legislative safeguards on the fast-moving technology. ET briefing, organized by Senate Democratic Leader Chuck Schumer and other senators, will be the first-ever classified Senate briefing on AI and will take place in a sensitive compartmented information facility (SCIF) at the U.S. Capitol. The briefers will include Avril Haines, director of National Intelligence; Deputy Secretary of Defense Kathleen Hicks, White House Office of Science and Technology Policy director Arati Prabhakar and National Geospatial Intelligence Agency Director Trey Whitworth. Congress is narrowly divided and has not reached any consensus on AI legislation. In April, the CEOs of ChatGPT developer OpenAI, its backer Microsoft (MSFT.O), and Alphabet (GOOGL.O) met with Biden and other officials to discuss AI.

Persons: Elizabeth Frantz, Chuck Schumer, Avril Haines, Kathleen Hicks, Arati Prabhakar, Trey Whitworth, Schumer, Biden, David Shepardson, Chris Reese Organizations: U.S, Capitol, REUTERS, WASHINGTON, Senate Democratic, U.S . Capitol, National Intelligence, White, Office of Science, Technology, National Geospatial Intelligence, Microsoft, Thomson Locations: Washington , U.S, U.S

[1/3] Judge Ketanji Brown Jackson listens to U.S. According to legal scholar Adam Feldman, who tracks court data, Jackson spoke more during oral arguments than any of the other current justices during their first terms. "She's just showed up from day one," said Terry Maroney, a Vanderbilt Law School professor who studies judicial decision-making and behavior. "She knows what she's doing, she's not shy, she's posing uncomfortable hypotheticals - and she's not afraid to do those things even if it's causing discomfort." Last year, rulings powered by the conservative justices ended recognition of a constitutional right to abortion and widened gun rights.

Persons: Ketanji Brown Jackson, Cory Booker, Elizabeth Frantz, Jackson, Lorie Smith, Smith, Santa Claus, Kristen Waggoner, Joe Biden, Adam Feldman, She's, Terry Maroney, she's, Stephen Breyer, Kent Greenfield, Greenfield, Sonia Sotomayor, Elena Kagan, Roman Martinez, John Roberts, Jackson's, Neil Gorsuch, Martinez, " Maroney, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S . Senate, U.S, Supreme, Capitol, REUTERS, WASHINGTON, Democratic, Vanderbilt Law, Environmental Protection Agency, Boston College, Thomson Locations: Washington , U.S, Colorado, United States, California, New York, Washington

[1/2] U.S. President Joe Biden and India's Prime Minister Narendra Modi attend an official state dinner at the White House in Washington, U.S., June 22, 2023. Biden and Modi gathered with CEOs including Apple's (AAPL.O) Tim Cook, Google's (GOOGL.O) Sundar Pichai and Microsoft's (MSFT.O) Satya Nadella. Modi, who has appealed to global companies to "Make in India," will also address business leaders at the Kennedy Center for Performing Arts. Modi praised Gopalan for keeping India "close to her heart" despite the distance to her new home, and called Harris "really inspiring." On Friday evening, Modi will address members of the Indian diaspora, many of whom have turned out at events during the visit to enthusiastically fete him, at times chanting "Modi!

Persons: Joe Biden, Narendra Modi, Elizabeth Frantz WASHINGTON, Modi, Biden, Tim Cook, Sundar Pichai, Satya Nadella, Sam Altman, OpenAI, Sunita Williams, Anand Mahindra, Mukesh Ambani, Farwa Aamer, John Kirby, Kirby, India's, Kamala Harris, Antony Blinken, Harris, Shyamala Gopalan, Gopalan, Steve Holland, Simon Lewis, Jeff Mason, Trevor Hunnicutt, Don Durfee, Grant McCool Organizations: India's, White, REUTERS, Indian, U.S, NASA, Mahindra Group, Reliance Industries, Kennedy Center for Performing Arts, FedEx, MasterCard, Adobe, South China Seas, South, Asia Society Policy Institute, White House, Washington, State Department, Bharatiya Janata Party, BJP, Thomson Locations: Washington , U.S, Washington, China . U.S, India, United States, CHINA, Beijing, China, South, South Asia, New Delhi, Taiwan, Russia, Moscow, Ukraine, American

☆ Indian PM Modi to meet CEOs as Washington visit concludes
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +3 min

[1/2] U.S. President Joe Biden and India's Prime Minister Narendra Modi attend an official state dinner at the White House in Washington, U.S., June 22, 2023. REUTERS/Elizabeth FrantzWASHINGTON, June 23 (Reuters) - Indian Prime Minister Narendra Modi will meet U.S. and Indian business leaders in Washington on Friday, the final day of a state visit marked by pledges of deeper U.S.-India cooperation on areas including space, artificial intelligence and quantum computing. 2 position in the White House, and Secretary of State Antony Blinken. The White House also announced plans to cooperate on quantum computing, scientific research and technological innovation, alongside plans to manufacture weapons in India. On Friday evening, Modi will address members of the Indian diaspora, many of whom have turned out at events during the visit to enthusiastically fete him, at times chanting "Modi!

Persons: Joe Biden, Narendra Modi, Elizabeth Frantz WASHINGTON, Modi, Kamala Harris, Antony Blinken, India's, Biden, Simon Lewis, Don Durfee, Grant McCool Organizations: India's, White, REUTERS, Indian, U.S, State Department, Kennedy Center for Performing Arts, FedEx, MasterCard, Adobe, Tech Mahindra, Congress, Thomson Locations: Washington , U.S, Washington, India, American, Delhi, China, Beijing, Taiwan, Russia, Moscow, Ukraine

[1/3] Republican U.S. presidential candidate former Vice President Mike Pence addresses The Faith and Freedom Coalition's 2023 "Road to Majority" conference in Washington, U.S., June 23, 2023. The event, which former President Donald Trump will address on Saturday, coincides with the first anniversary of the Supreme Court's landmark Dobbs decision, which overturned the 1973 Roe v. Wade ruling that had legalized abortion. Apart from Pence, the other Republican candidates did not plunge deeply into policy specifics. Florida Governor Ron DeSantis, who is second in opinion polls to the front-runner Trump, referred to a six-week abortion ban that he signed in his state earlier this year. Trump has attempted to ally himself with opponents of abortion rights, while also dodging specific questions on legislation he would or would not support.

Persons: Mike Pence, Elizabeth Frantz WASHINGTON, Donald Trump, Roe, Wade, Dobbs, underperformance, Pence, Ron DeSantis, Trump, DeSantis, Tim Scott, Janet Yellen, Asa Hutchinson, Chris Christie, Gram Slattery, Colleen Jenkins, Grant McCool Organizations: Republican U.S, REUTERS, Republican, U.S, Supreme, & Freedom Coalition, Republicans, Democrats, Arkansas, Former New Jersey, Thomson Locations: Washington , U.S, Washington, Iowa, South Carolina, Florida, U.S

☆ Ambitious plans for US-India technology sharing face hurdles
▼ + stars: | 2023-06-23 | by ( David Brunnstrom | ) www.reuters.com time to read: +5 min

Standing in the way are strict U.S. rules governing export of defense technology, including International Traffic in Arms Regulations (ITAR). Ely Ratner, assistant secretary of defense for Indo-Pacific affairs, has stressed the need to break down barriers to technology sharing with allies and partners, including India. But one congressional aide said efforts to speed technology sharing with India would face "an uphill battle" both in the U.S. Congress and at the U.S. State Department, where officials have a specific obligation to protect U.S. technology. "There are concerns about (technology sharing) in the Australia context and there would be more concerns in the India context," he said. Rick Rossow, an India expert at Washington's Center for Strategic and International Studies, said approval processes for advanced defense technology transfer were "onerous but not impossible."

Persons: Joe Biden, Narendra Modi, Elizabeth Frantz WASHINGTON, Biden, Ely Ratner, Democrat Mark Warner, Republican John Cornyn, Bill Greenwalt, Greenwalt, ITAR, Rick Rossow, David Brunnstrom, Mike Stone, Patricia Zengerle, Don Durfee, Deepa Babington Organizations: India's, White, REUTERS, United, Indian, General Electric Co, Center, New, New American Security, TECH, U.S . Senate India Caucus, Democrat, Republican, U.S . Congress, U.S . State Department, Pentagon, GE, State Department, U.S . Missile Technology Control, Washington's Center, Strategic, International Studies, Thomson Locations: Washington , U.S, United States, India, New Delhi, Asia, U.S, Britain, Australia, New American, Russia, Ukraine, Delhi

☆ 10 Things in Tech: A French Gigafactory, Google's WFH crackdown, and Tesla's bioweapon defense mode
▼ + stars: | 2023-06-09 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Speculation is rife ahead of Elon Musk's trip to Paris, where he's due to attend the VivaTech conference next week. The video platform is aiming to challenge the tech giant by quadrupling its ecommerce business, according to a Bloomberg report. Musk has repeatedly criticized OpenAI's relationship with tech giant Microsoft. The tech giant is planning to include attendance figures in performance reviews, according to an internal email sent on Wednesday, which was seen by Insider. Tesla drivers are using the car's bioweapon defense mode to escape wildfire smoke.

Persons: Nathan Rennolds, let's, Clive Mason, Tesla, Elon, Marc Benioff, Dan Schulman, Bernard Arnault, Maurice Lévy, Sam Altman, Elizabeth Frantz, Morgan Stanley, TikTok, Musk, Altman, Tesla's, Ted Lasso, Keeley, Lionel Messi, Getty, Simon Bruty, he's, Messi, Brandon Baum, Instagram, Hallam Bullock Organizations: Google, Getty, Twitter, Reuters, Big Tech, Amazon, Bloomberg, Elon, Microsoft, Economic, Juno, Messi, Inter Miami —, YouTube Locations: London, WFH, France, Paris, Southeast Asia, Miami

☆ Morning Bid: Jubilant markets eye jobs in June jump
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Elizabeth FrantzA look at the day ahead in U.S. and global markets from Mike DolanWith the U.S. debt ceiling removed, world markets see the sky again - encouraged that robust U.S. labor markets continue to defy recession fears as interest rates near peaks. And judged by all the other labor market soundings this week, there are few signs yet of any significant disturbance to the still-robust employment picture. Wall St's "fear index" - the VIX (.VIX) gauge of implied equity volatility - hit its lowest level since November 2021 early on Friday. To the extent the dollar was bid by debt-ceiling stress and thoughts of another June Fed hike, then it's fallen back again too. Elsewhere, oil markets are closely watching the weekend OPEC ministers meeting - although further production cuts are not expected.

Persons: Elizabeth Frantz, Mike Dolan, Hong Kong's, Hang, Lululemon, Sharon Singleton Organizations: REUTERS, Senate, Federal Reserve, Nasdaq, Fed, The United, Broadcom, Thomson, Reuters Locations: Arlington , Virginia, U.S, China, Hong Kong, The United Nations, South Africa

☆ After OpenAI hearing, A.I. experts urge Congress to listen to more diverse voices on regulation
▼ + stars: | 2023-05-19 | by ( Lauren Feiner | ) www.cnbc.com time to read: +11 min

OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology, and the Law Subcommittee hearing titled 'Oversight of A.I. But at Tuesday's hearing on AI oversight including OpenAI CEO Sam Altman, lawmakers seemed notably more welcoming toward the ChatGPT maker. watch nowAt Tuesday's Senate hearing, lawmakers made comparisons to the social media era, noting their surprise that industry executives showed up asking for regulation. Experts cautioned that the kinds of regulation Altman suggested, like an agency to oversee AI, could actually stall regulation and entrench incumbents. Diversity of voicesA key message AI experts have for lawmakers and government officials is to include a wider array of voices, both in personal background and field of experience.

U.S. Treasury Secretary Janet Yellen during a news conference at the Treasury Department in Washington on April 11. (Elizabeth Frantz/Reuters)It’s still likely that the US could default on its obligations early next month – possibly as soon as June 1 – if Congress doesn’t act, Treasury Secretary Janet Yellen reiterated Monday. President Joe Biden is expected to meet again on Tuesday with House Speaker Kevin McCarthy and other top congressional leaders. Still, the actual date could be a number of days or weeks later, depending on how much revenue the federal government collects and how much it has to pay out in coming weeks, Yellen said. Yellen once again urged Congress to act as soon as possible, noting that Treasury’s borrowing costs have increased substantially for securities maturing in early June.

☆ Automakers find a tax credit loophole to increase EV leasing and boost sales
▼ + stars: | 2023-05-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Buying a used Ioniq, which is produced in South Korea and Indonesia, wouldn't earn him $7,500 off through a federal tax credit. "I ran the numbers — what it would be without the leasing credit and with the leasing credit — and that kind of put me over the top and that was the main thing of why I went in that direction," he said. For a $50,000 EV and a 36-month lease, Chesbrough estimates the full $7,500 tax credit equates to $222 in monthly savings for a consumer. "It also allows them to level the playing field against competitors who get the full tax credit when purchasing." I wouldn't call it leveling the playing field," Watson said of leasing qualifying for the $7,500 tax credit.

But some areas of potential compromise emerged after a White House meeting on Tuesday. Deep disagreements remained over competing pressures for spending cuts versus tax increases. Meanwhile, the White House reiterated its backing for legislation speeding government permitting of energy projects by setting maximum timelines. House and Senate Republicans, meanwhile, have said they will not authorize any additional borrowing without an agreement to cut future spending. The last time the nation got this close to default was in 2011 - also with a Democratic president and Senate with a Republican-led House.

☆ The Supreme Court Case That Could Threaten the SEC’s Climate-Disclosure Rule
▼ + stars: | 2023-05-08 | by ( Dylan Tokar | ) www.wsj.com time to read: 1 min

In theory, virtually any rule-making by a regulatory agency could be subject to arguments around Chevron if the Supreme Court weakens the doctrine. Photo: ELIZABETH FRANTZ/REUTERSA Supreme Court review of a decades-old regulatory precedent is threatening to complicate the Biden administration’s push to enact tough new rules on climate, gun ownership and financial markets. The high court last week said it would reconsider Chevron v. Natural Resources Defense Council, a 1984 Supreme Court opinion that gives regulators legal cover to interpret ambiguous—and sometimes outdated—statutes.

"Responding to such changes have become a common challenge for countries across the world, including Japan," he said, adding that the topic will be among many issues to be discussed at this week's G7 meeting. "We're watching the situation with a strong sense of alarm, as markets and economies are globally intertwined," he said, adding that Japan's banking system was stable as a whole. Japan would aim to issue a G7 joint communique after the finance leaders' meeting, which may stress the need for authorities to remain vigilant to banking-sector woes, two government sources with direct knowledge of the matter said. The Nikkei newspaper reported on Tuesday the G7 finance leaders will discuss setting up individual emergency plans in case they face digital bank runs. U.S. Treasury Secretary Janet Yellen, who will travel to Japan, will tell her G7 counterparts that the U.S. banking system remains sound, a senior Treasury official said on Friday.

[1/2] The U.S. Supreme Court building is seen in Washington, U.S., April 6, 2023. REUTERS/Elizabeth Frantz/File PhotoLaw Firms Reed Smith LLP FollowWASHINGTON, May 5 (Reuters) - The U.S. Supreme Court on Friday halted the scheduled execution of Oklahoma death row inmate Richard Glossip, whose cause drew support from the state's Republican attorney general after an investigation shed new light on evidence relating to the 1997 murder Glossip was convicted of commissioning. "We are very grateful to the U.S. Supreme Court for doing the right thing in stopping Richard Glossip's unlawful execution," Knight said. The Oklahoma Court of Criminal Appeals on April 20 upheld Glossip's murder conviction, rebuffing Drummond's request. Glossip has pending petitions for appeal before the Supreme Court challenging his conviction on grounds including that prosecutors failed to hand over evidence about Sneed to Glossip's defense counsel.

☆ Slower US job growth expected in April; unemployment rate seen rising to 3.6%
▼ + stars: | 2023-05-05 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The unemployment rate is forecast to have risen to a still historically low 3.6%. "The labor market is slowly bending, but not breaking," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina. "There is continued resilience in the labor market right now, but the trend is one that is continuing to see a decelerating pace of momentum." The service-providing sector likely accounted for most of the anticipated job gains in April. WAGE GAINS MODERATEAverage hourly earnings are expected to have risen by 0.3% in April, matching March's gain.

☆ Factbox: Tech firms, Wall Street lead job cuts in Corporate America
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +8 min

read moreSpotify Technology SA (SPOT.N):Music streaming service Spotify is cutting 6% of its workforce, or roughly 600 roles. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. Workday Inc (WDAY.O):The software company will cut roughly 500 jobs, or 3% of its workforce, citing a challenging macroeconomic environment. Morgan Stanley (MS.N):The Wall Street powerhouse is planning to cut about 3,000 jobs in the second quarter, Reuters reported. MANUFACTURING SECTOR3M Co (MMM.N):The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit.

☆ FDIC Signals Support for Narrow Changes to Deposit Insurance
▼ + stars: | 2023-05-01 | by ( Andrew Ackerman | ) www.wsj.com time to read: 1 min

Lawmakers have discussed potentially raising the deposit-insurance limit from the current $250,000 per depositor. Photo: Elizabeth Frantz for The Wall Street JournalWASHINGTON—Lawmakers could reduce the risk of bank runs by significantly raising deposit-insurance protection for accounts used for payroll and other business payments, the Federal Deposit Insurance Corp. said in a report Monday. A targeted move to make sure businesses can get back money intended for such payments if a bank fails was the best of three options the FDIC considered for overhauling the deposit-insurance system, the agency said.

☆ Supreme Court to Reconsider Precedent Giving Federal Agencies Benefit of Doubt
▼ + stars: | 2023-05-01 | by ( Jess Bravin | ) www.wsj.com time to read: +1 min

Several justices who make up the Supreme Court’s conservative majority have criticized “Chevron deference.” Photo: ELIZABETH FRANTZ/REUTERSWASHINGTON—The Supreme Court said Monday it would reconsider a 1984 precedent some conservatives have argued grants too much power to federal regulators by directing courts to defer to an agency’s legal approach when Congress has left the statutory language ambiguous. The precedent, Chevron v. Natural Resources Defense Council, initially helped the Reagan administration fend off challenges from environmentalists. In more recent years, conservative legal groups have argued that federal judges should have more authority to set aside regulations. Several members of the Supreme Court’s current conservative majority have criticized the so-called Chevron deference, or suggested that judges should be reluctant to find ambiguity in federal statutes and therefore assert more authority over regulatory agencies.

☆ Hakeem Jeffries is enjoying an early honeymoon leading House Democrats. But one day, he'll have to make 'hard commitments.'
▼ + stars: | 2023-05-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +16 min

House Democrats say Hakeem Jeffries is a better listener and is more consensus-oriented than Pelosi. There's one big reason for it: House Democrats can't pass any of their own bills right now. Pelosi and Jeffries on the House floor after she announced she would step down from party leadership on November 17, 2022. 'He gets it'Jeffries, 52, has enjoyed a rapid ascent to the top of the Democratic caucus. "There were always very different views within the Democratic caucus on people who voted their district," said Slotkin.

☆ Time for daily talks between Biden, Republicans on debt, moderate Democrat says
▼ + stars: | 2023-04-28 | by ( David Morgan | ) www.reuters.com time to read: +3 min

WASHINGTON (Reuters) - A prominent moderate U.S. House of Representatives Democrat said Friday that it is time for President Joe Biden to begin daily talks with Republicans on government spending and debt, to avoid a calamitous default. REUTERS/Elizabeth FrantzRepresentative Josh Gottheimer rejected Republican demands to raise the $31.4 trillion debt ceiling only in exchange for deep spending cuts. “It’s critically important that all the parties sit down at the White House with the president and start having these conversations. That’s not negotiable,” Biden said on Wednesday, the day House Republicans narrowly passed their own legislation this week to lift the debt ceiling in exchange for sharp spending cuts. Gottheimer said it doesn’t matter whether the debt ceiling is considered together with spending and deficits or looked at separately.

WASHINGTON, April 27 (Reuters) - South Korean President Yoon Suk Yeol told U.S. lawmakers on Thursday it is necessary to speed up trilateral cooperation with Japan and the United States to counter increasing North Korean nuclear threats, and said the world must not "shy away" from promoting freedom for the North. "Korea will never forget the great American heroes who fought with us to defend freedom," he said. On Wednesday, Yoon met President Joe Biden at the White House and the United States pledged to give South Korea more insight into its nuclear planning over any conflict with North Korea, amid anxiety over Pyongyang's growing arsenal of missiles and bombs. Yoon became the seventh South Korea leader to address Congress, underscoring the close relationship between Seoul and Washington. "We will actively work to safeguard the freedom of the people of Ukraine and support their efforts in reconstruction," he said.

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