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☆ North Carolina Republicans override governor's vetoes of sweeping elections bills
▼ + stars: | 2023-10-10 | by ( Jane C. Timm | ) www.cnbc.com time to read: +3 min

North Carolina Republican lawmakers voted to override the Democratic governor's vetoes on two election bills on Tuesday, giving themselves new power over election administration and shortening a key voting deadline ahead of the 2024 election. Currently, all election boards in the state are controlled by the governor's party, with nominations made by state parties and appointments made by the governor. "The legislative takeover of state and local elections boards could doom our state's elections to gridlock and severely limit early voting," Cooper said when he vetoed the bill. If county or state election boards do not approve early voting sites and schedules in accordance with state law, early voting can only take place at the county board of elections office. In populous counties, that could leave hundreds of thousands of voters with just one early voting option.

Persons: Roy Cooper, Bill, Cooper, That's, Megan Bellamy Organizations: North Carolina Gov, Emergency, Center, North Carolina Republican, Democratic, Republicans, Republican Locations: Raleigh, N.C, gridlock

☆ The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says
▼ + stars: | 2023-10-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The housing market is so unaffordable that only three extreme scenarios would return it to pre-pandemic affordability. US incomes would have to spike 55% to consider the current market affordable, an industry executive said. Other scenarios would have to see home prices crash 35% or mortgage rates drop four percentage points. He told CNBC in an interview this week that one of those hypotheticals would be a sharp spike in US incomes. Walden added that the latest housing data was "red-hot" coming into August, and buying power remains down about 6%.

Persons: —, Andy Walden, Walden, We're Organizations: Service, CNBC

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. A near-miss on a debt ceiling showdown in the Spring led to the loss of another Triple-A sovereign credit rating. A fiscal adjustment akin to the one enacted in 1993 would be enough to do that again over 5 years. "However, this looks unlikely anytime soon given congressional gridlock, a lack of political attention to deficit reduction and the upcoming 2024 election," it concluded. On current poll readings at least, next year's election will do nothing to end the fiscal war.

Persons: Brendan McDermid, it's, Donald Trump, Democrat Joe Biden, Erik Nielsen, what's, Stephen Jen, Jen, Trump, Biden, Goldman Sachs, Goldman, William Maclean Organizations: New York Stock Exchange, REUTERS, U.S, Presidential, AAA, Democrat, Biden, Trump, Congress, Ukraine, Treasury, Republican, Reuters, GRIDLOCK, Thomson Locations: New York City, U.S, loggerheads, Russia, Ukraine, United States

☆ Interest rates are putting home demand and supply in a gridlock, says Black Knight's Andy Walden
▼ + stars: | 2023-10-03 | 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 EmailInterest rates are putting home demand and supply in a gridlock, says Black Knight's Andy WaldenAndy Walden, Black Knight VP of enterprise research strategy, and CNBC's Diana Olick join 'The Exchange' to discuss higher rates crushing affordability for potential home buyers, the path to normalization in the housing market, and the lack of inventory leading to higher prices.

Persons: Black, Andy Walden Andy Walden, Diana Olick

☆ TPC Sawgrass: How one woman found her dream home on one of the world’s most famous golf courses
▼ + stars: | 2023-10-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +9 min

“It was a really, really difficult decision,” Burchell told CNN. Rebecca BurchellBurchell’s focus had settled on Seven Mile Drive, a neighborhood that occupies the second-highest price bracket at Sawgrass Players Club. Michael Cohen / Getty ImagesThe view remains the star attraction of life in Sawgrass Players Club for Burchell, but it is far from the only draw. The clubhouse, pictured during the 2011 Players Championship, is the focal point of the community. Fans flock to the iconic 17th island green at TPC Sawgrass to watch Tiger Woods at the 2018 Players Championship.

Persons: Rebecca Burchell, Emma, Liam, Burchell, –, Rebecca’s, Mark, ” Burchell, ”, viewings, Rebecca Burchell Burchell’s, Pete Dye, Bobby Weed, Jerry Pate, that’s, “, I’ve, Michael Cohen, Scott Halleran, …, gridlock, Woods, Richard Heathcote, “ It’s Organizations: CNN, PGA Tour, Sawgrass Players, Burchell, TPC, Yards, Getty, University of Florida Locations: Beaconsfield, England, Ponte Vedra, Jacksonville , Florida, Jacksonville, Florida, Dye’s, Dye's

The measure didn't include the $6 billion in military assistance that Ukraine said it urgently needed. They argue that if Russia's invasion is not stopped in Ukraine, other nations — including NATO allies — could be endangered. That faction was pivotal in getting Ukraine funding stripped from the last-minute 45-day funding bill that prevented a shutdown. Likewise, some European allies, including Poland, have begun to pull back on their support for the war, citing the need to prioritize their own defenses. Britain, which is no longer in the EU, has pledged nearly $6.6 billion worth of military support for Ukraine.

Persons: —, Volodymyr Zelenskyy, Donald Trump, Joe Biden, ” Biden, John Hardie, Mark Cancian, ” Cancian, Hardie, ”, John Herbst, Herbst, Jamey Keaten Organizations: WASHINGTON, —, Pentagon, White, NATO, Patriot, U.S, Republican, Foundation for Defense of Democracies, Center for Strategic, International Studies, ., Ukraine “, Atlantic Council, Kiel Institute, EU Locations: — Ukraine, Ukraine, U.S, Brussels, Russia, Poland, United States, Union, Germany, Denmark, Netherlands, France, Britain, Western, Italy, Lithuania, Norway, Geneva

☆ Matt Gaetz, MAGA loyalist, agrees with Democrats: McCarthy 'lied' to Biden on budget deal
▼ + stars: | 2023-10-01 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Republican Rep. Matt Gaetz has been vowing to oust House Speaker Kevin McCarthy. On Sunday, Gaetz accused McCarthy of lying to both House conservatives and President Joe Biden. AdvertisementAdvertisementFlorida Republican Matt Gaetz says rank-and-file Democrats are totally right: House Speaker Kevin McCarthy is a liar. "[N]obody trusts Kevin McCarthy," Gaetz said. But in an appearance on CBS's Face the Nation, the House speaker said he wasn't worried about Gaetz's threat to his leadership.

Persons: Matt Gaetz, Kevin McCarthy, McCarthy, Gaetz, Joe Biden, —, Donald Trump —, Biden, he'd, Chuck Schumer Organizations: Service, CNN, GOP, Union, Republican, Ukraine, Washington Post, Republicans, Senate, New Locations: Florida, CNN's

☆ Ex-House Speaker Newt Gingrich says he could 'afford to have five or six people be idiots' during standoffs in the 1990s, a contrast to the numerous GOP hardliners creating challenges for McCarthy
▼ + stars: | 2023-09-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Newt Gingrich recently told Politico of the difference between the '90s-era House GOP and today's slim majority. The ex-speaker said he could "afford to have five or six people be idiots" in the face of a shutdown. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementAfter the 1994 elections, House Republicans secured a 230-seat majority, and they won 226 seats after the 1996 elections. During the Clinton administration, Gingrich told Politico that he could "afford to have five or six people be idiots."

Persons: Newt Gingrich, Kevin McCarthy, —, Dianne Feinstein, Kevin McCarthy of, shutdowns, Bill Clinton, Gingrich, Clinton, Darrell Issa of Organizations: Politico, GOP, Service, Senate, California, House, Republicans, Ukraine, Russia, Capitol Hill, Republican Locations: Kevin McCarthy of California, Georgia, Darrell Issa of California

☆ McCarthy’s Centrist Path Out of a Government Shutdown
▼ + stars: | 2023-09-29 | by ( Kaia Hubbard | ) www.usnews.com time to read: +9 min

But with a funding bill seemingly out of reach, all signs suggest that those entrenched positions will result in a long and painful government shutdown. And it may be enough to arouse a dormant group of centrists whose own interests favor a functional legislative branch. And adding to McCarthy’s bind is the pledge that conservatives will call for his ouster should he work with Democrats to avoid a shutdown. Moderate Republicans, flanked by House Democrats, seize upon the moment. Meanwhile, another possible path, however unlikely, appears open to willing Democrats and centrist Republicans.

Persons: It’s, Kevin McCarthy – beholden, naysayers, McCarthy, ”, John Pitney Jr, Kevin McCarthy, ” McCarthy, won’t, –, Matt Glassman, ” Glassman, “ MAGA, they’ve, Marjorie Taylor Greene, Hakeem Jeffries, appropriators, rousers, Karen Hult, “ Organizations: White, Democrats, Republicans, GOP, Claremont McKenna College, Caucus, Democrat, Republican, Senate Democrats, Moderate, House Democrats, Government Affairs Institute, Georgetown University, House Republican, Democratic, Senate, Virginia Tech, Freedom Caucus

☆ A government shutdown will stop 'bread-and-butter mental health care' at community health centers, expert says
▼ + stars: | 2023-09-29 | by ( Aditi Shrikant | ) www.cnbc.com time to read: 1 min

Lawmakers are still in a gridlock over how to allocate spending, which means a government shutdown is imminent. One of those services is federally funded community health centers, or FQHCs. These clinics provide primary care, but also mental health and dental care, to mainly uninsured or underinsured people. Dental and mental health care are often the first to be cut, says Carolyn McClanahan, a physician turned certified financial planner and founder of Life Planning Partners in Jacksonville, Florida. "The shutdown is going to stop the bread-and-butter mental health care that keeps people out of trouble," she says.

Persons: Carolyn McClanahan Organizations: Planning Partners Locations: Jacksonville , Florida

☆ A government shutdown isn’t good for Republicans like me
▼ + stars: | 2023-09-29 | by ( Anna Lee | Opinion Mike Lawler | ) edition.cnn.com time to read: +6 min

Reckless spending and radical policies created near-record inflation, soaring grocery bills, rising energy costs and skyrocketing interest and mortgage rates. That’s why we are barreling toward a shutdown rather than agreeing on a spending package to keep the federal government working. Worse, they seemingly live in an alternate reality where Republicans control the White House and the US Senate as well as the House of Representatives. My constituents sent me here to represent their interests, and let me tell you, no one wins in a government shutdown. Bipartisanship isn’t a sign of weakness, and it isn’t something to be derided; it’s a sign of a functional democracy.

Persons: Mike Lawler, Michael V, Bidenomics ”, Biden, Newsflash, Matt Gaetz, –, Kevin McCarthy, Let’s Organizations: New, Congressional, Financial Services, House Foreign Affairs, SALT Caucus, Caucus, Scenic Trails Caucus, Moldova Caucus, CNN, Lawler, Republican Conference, Republican, GOP, White, Senate, Representatives, Biden, New York Locations: United States, Washington, New York, Florida, New, New York’s

☆ US shutdown looms, Travis King back in the US and weight-loss drugs scrutinized
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

The United States is heading towards a partial government shutdown after Republican House Speaker Kevin McCarthy rejected a stopgap funding bill. Private Travis King is back in the United States after being expelled from North Korea. New weight-loss drugs including Wegovy are facing regulatory scrutiny over reports of suicidal thoughts. Plus, the Republican debate, Meta’s celebrity-inspired chatbots and a year in space. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Persons: Kevin McCarthy, Travis King, Rubio Organizations: Apple, Google, Reuters, Republican, Thomson, Trump Meta, Facebook Locations: United States, North Korea, Texas, Kazakhstan

The Republican-controlled House of Representatives, however, planned to push along with its own partisan approach that was unlikely to win support in the Democratic-majority Senate. Even if enacted, the measures fund only a portion of the government and would not avert a shutdown. Senate Majority Leader Chuck Schumer, a Democrat, and Senate Republican Leader Mitch McConnell worked in tandem to win passage of a bipartisan short-term extension of federal funding at current levels. But he intends to attach tough border and immigration restrictions that are unlikely to win support from enough Democrats in the House or Senate to become law. The top Senate Republican pleaded with his House counterpart to embrace the Senate bill.

Persons: Chuck Schumer, Mitch McConnell, Kevin McCarthy, Joe Biden, McCarthy, Karine Jean, Pierre, Leah Millis, Donald Trump, McConnell, David Morgan, Richard Cowan, Makini Brice, Moira Warburton, Andy Sullivan, Scott Malone, Grant McCool, Chris Reese, Tom Hogue Organizations: U.S, Senate, Republicans, Republican, Democratic, Democrat, ., Capitol, REUTERS, Biden, Government, Trump, Social Security, Thomson Locations: Ukraine, Washington, U.S, Mexico

☆ Kevin McCarthy's House is the least productive in modern history — and it's not just because of divided government
▼ + stars: | 2023-09-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

The current GOP-run House is the least productive in modern history, according to a new analysis. It's not just due to divided government — McCarthy's House falls short of other similar periods. AdvertisementAdvertisementKevin McCarthy is leading the least productive House in modern history, according to an analysis of legislative data shared exclusively with Insider. According to the analysis, the average number of bills to pass the House during periods of divided government by September 19 is 299. "The extremists in the house run the show," said Nayak.

Persons: It's, —, Kevin McCarthy, MAGA, Navin Nayak, Joe Biden, McCarthy, that's, Barack Obama's, Spokespeople, Nancy Pelosi Organizations: GOP, Service, MAGA Republicans, Center for American Progress, CAP, Capitol, McCarthy's, Democratic Party, 118th, Infrastructure Law

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. A pullback in the 10-year Treasury yields provided some relief to megacap growth stocks including Apple (AAPL.O), Microsoft (MSFT.O), Tesla (TSLA.O) and Alphabet (GOOGL.O), up between 0.4% and 0.6%, in premarket trading. Amazon.com (AMZN.O) edged 0.2% higher after Tuesday's sell-off following the U.S. Federal Trade Commission's antitrust lawsuit against the online retailer. Costco (COST.O) dipped 2% even though the wholesale retailer reported better-than-expected fourth-quarter results, with analysts pinning the fall on broader market concerns. Reporting by Ankika Biswas, Shashwat Chauhan and Amruta Khandekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Peter Cardillo, Jerome Powell's, gridlock, Ankika Biswas, Shashwat Chauhan, Amruta, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Costco, Dow, Nasdaq, Federal, Apple, Microsoft, U.S . Federal Trade, Dow e, Spartan Capital Securities, U.S . Senate, Republican, Rivian Automotive, Thomson Locations: New York City, U.S, New York, Bengaluru

☆ Saudi Arabia announces crucial step forward in its nascent nuclear power plans
▼ + stars: | 2023-09-26 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

The announcement put the spotlight on the kingdom's nascent nuclear energy efforts — Saudi Arabia has a small nuclear reactor, a research unit set up with the help of Argentina, that it has not yet put into operation. The Saudi energy minister did not comment on whether his country would also join the IAEA's Additional Protocol, which requires more thorough oversight including snap inspections. Saudi Crown Prince Mohammed bin Salman said in a recent wide-ranging interview with Fox News that if Iran developed nuclear weapons, Saudi Arabia would too. U.S. assistance with a nuclear energy program is one of Saudi Arabia's key demands — but not everyone is happy about that. The multilateral Obama-era deal had allowed the lifting of economic sanctions on Iran in exchange for curbs to its nuclear program.

Persons: Crown Prince Mohammed bin Salman, Al, Mandel Ngan, Prince Abdulaziz bin Salman Al Saud, Rafael Grossi, Thomas Kronsteiner, Grossi, Saud, Prince Abdulaziz's, Prince Mohammed bin Salman, Mohammed bin Salman's, Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Joe Biden, Narendra Modi, Evelyn Hockstein, Yair Lapid, Donald Trump, ATTA KENARE Organizations: Saudi, Crown, AFP, Getty Images, International Atomic Energy Agency, IAEA, Saudi Energy, Governors, CSA, United, Fox News, CBS, West, Saudi Arabian Crown, Indian, Biden, Obama, Iranian, Getty Locations: Royal, Saudi, Jeddah, Getty Images Saudi Arabia, Vienna, Austria, Saudi Arabia, Argentina, United Arab Emirates, Iran, Russia, Ukraine, China, New Delhi, India, Riyadh, Washington, Israel, Tehran, Bushehr

Across the country, federal workers still stung by the memories of past government shutdowns are grimacing and bracing for another potential extended closure. Johnny J. Jones, secretary-treasurer of the TSA workers unit within the AFGE, said even a temporary loss in pay is a massive disruption for government workers who live paycheck to paycheck. LaPointe, a mother of four who is also a union leader for 30,000 Social Security workers through AFGE, said a shutdown would be “a catastrophe" personally. A Partnership for Public Service survey ranks the Social Security Administration last among agencies in the “Best Places to Work” government-wide index. “We don’t often feel like it’s worth it to be federal employees at the time of a shutdown,” LaPointe said.

Persons: — John Hubert, Steve Reaves, Jessica LaPointe, she's, “ We’re, ”, Hubert, “, Washington gridlock, we've, Tom Vilsack, Johnny J, Jones, ” Jones, LaPointe, ” LaPointe, Reaves, — Organizations: WASHINGTON, Security Administration, Federal Emergency Management Agency, FEMA, Social Security, Disney, TSA, American Federation of Government Employees, Democrats, White House, USDA, Social, Republicans, Public Service Locations: Fort Lauderdale , Florida, Madison , Wisconsin, Washington, AFGE

☆ Wall St Week Ahead Fed-wary investors eye mounting risks to US stock rally
▼ + stars: | 2023-09-22 | by ( David Randall | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) tumbled 2.9% this week, its biggest weekly decline since March. High Treasury yields dull the allure of stocks by offering investors an attractive payout on an investment seen as virtually risk free. The S&P 500 entered what has historically been its weakest 10-day stretch of the year on Sept. 18, according to BofA Global Research. Meanwhile, a drawn out government shutdown could aggravate concerns over U.S. government gridlock and send Treasury yields even higher. He noted that the S&P 500 remains above its 200-day moving average and there have been few signs of investors fleeing to safety.

Persons: Charlie Ripley, Brian Jacobsen, “, ”, Fitch, Keith Lerner, Adam Turnquist, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: Federal Reserve, Fed, Investors, BoFA, Allianz Investment Management, Treasury, Annex Wealth Management, BofA Global Research, Societe Generale, LPL Financial, Thomson

☆ Biden in United Nations address urges leaders to back Ukraine as consistent with charter
▼ + stars: | 2023-09-19 | by ( Emma Kinery | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden addresses the 78th Session of the U.N. General Assembly in New York City, Sept. 19, 2023. "Russia believes that the world will grow weary and allow it to brutalize Ukraine without consequence," Biden said. Four out of the five permanent members of the U.N. Security Council chose to skip the conference this year. During his address, Biden reiterated his call from last year's session to expand the Security Council. "We need to be able to break the gridlock that too often stymies progress and blocks consensus on the council," Biden said.

Persons: Joe Biden, Biden, Volodymyr Zelenskyy, Zelenskyy Organizations: General Assembly, United, Russia's, General, . Security Locations: New York City, United Nations, Ukraine, Russia, France, China, U.S

☆ Biden's economic policies have quietly made peoples' lives better — and no one seems to care
▼ + stars: | 2023-09-17 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

Biden's economic agenda has meant real changes for many Americans, like clean water and internet access. That $1 million came from President Joe Biden's $1.9 trillion American Rescue Plan , which was passed in 2021 to revitalize the economy and replenish Americans' wallets. But for the target groups seeing their everyday lives changed by Bidenomics funding, it can make a world of difference. AdvertisementAdvertisementThe hidden wins from BidenomicsWith 2024 looming, and Americans dreary on the economy, Bidenomics is still an elusive beast. Americans who are not part of targeted populations receiving these grants are left to contend with sky-high prices on their own.

Persons: Bradley Bonds, Bonds, Joe Biden's, Bidenomics, Biden, it's, Alice Stewart, It's, Stewart, Gallup, Rose Carter, Carter, Jodi Cutaiar, —, there's, Max Berger, Elizabeth Warren's, Berger Organizations: Service, Fire, Congressional, CNN, Bidenomics, Alliance for Congregational, Rescue Plan, Biden, American, Companies, Justice Democrats, Republican Locations: Wall, Silicon, South Carolina, Middle America, Carolina, Phoenix, Pennsylvania, Ohio

☆ Libyans Come Together for Flood Aid Effort Despite Conflict
▼ + stars: | 2023-09-14 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +5 min

Ministers from the Tripoli-based government visited the eastern city of Benghazi on Thursday. A humanitarian source involved in the relief effort said eastern authorities had barred foreign aid flowing to Derna through the internationally recognised Tripoli government, whose legitimacy the eastern administration rejects. A source in the eastern administration denied this, saying it had not rejected aid being channelled via Tripoli. Relief operations in Derna have been directed by Haftar's LNA, the military coalition that controls eastern Libya and was for years in open conflict with western factions. Turkey, long the main supporter of the Tripoli government, rapidly sent an aid team to Derna through Benghazi, the LNA-controlled capital of eastern regions.

Persons: Ahmed Elumami, Ayman al, DERNA, Elias al, Biltrees, Tim Eaton, Khalifa Haftar, FAULTLINES, Eaton, OCHA, Haftar's LNA, Haftar, Emma Farge, Angelo Amante, Tom Perry, Angus McDowall, Alexandra Hudson Organizations: Reuters, Chatham House, United Nations, Brigade Locations: Libya, Misrata, Tripoli, Benghazi, Zawiya, Derna, NATO, Chatham, Libya's, Turkey, Geneva, Rome, Beirut

☆ Analysis: Potential US government shutdown could dent investor confidence
▼ + stars: | 2023-09-08 | by ( David Randall | ) www.reuters.com time to read: +5 min

Investors might be more sensitive to a shutdown this time around, however. With only weeks to go before the deadline, the Republican-led House of Representatives has approved only one of those 12 bills. 'LESS FRIENDLY POLICY'If it occurs, the shutdown would be the fourth over the last decade and would furlough roughly three of out five federal civilian workers. The White House last month said it was working with Congress to hammer out a short-term funding measure to avoid a shutdown while longer-term spending talks continue. Analysts at Ned Davis Research said a shutdown could add to factors threatening to roil the economy into next year.

Persons: Dado Ruvic, Goldman Sachs, Fitch, ”, Jamie Cox, Kevin McCarthy, Joe Biden, Paul Christopher, Christopher, Ned Davis, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: REUTERS, Goldman, Social, Federal, Harris Financial Group, Caucus, House Republican, Republican, Senate, Congressional, Office, Wells, Wells Fargo Investment Institute, Democrats, Ned, Ned Davis Research, CFRA Research, Thomson Locations: Wells Fargo

☆ Trump's Legal Troubles, Biden's Economy and Congressional Gridlock: The Week in Cartoons Sept. 4-8
▼ + stars: | 2023-09-05 | by ( Sept. | At P.M. | ) www.usnews.com time to read: 1 min

Health News Bulletin Stay informed on the latest news on health and COVID-19 from the editors at U.S. News & World Report. Sign Up Sign in to manage your newsletters »Sign up to receive the latest updates from U.S News & World Report and our trusted partners and sponsors. By clicking submit, you are agreeing to our Terms and Conditions & Privacy Policy.

Organizations: U.S . News, U.S News

☆ Kuwait appoints Fahd Al-Jarallah as finance minister
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Sept 3 (Reuters) - Kuwait on Sunday appointed Fahd Abdulaziz Al-Jarallah as finance minister, the state news agency said, following the resignation of his predecessor in July. Jarallah takes over from Manaf Abdulaziz Al Hajri who was in the role only since April this year. Oil Minister Saad Al Barrak had been acting finance minister after he resigned. Appointed as assistant undersecretary at the Ministry of Finance in August, Jarallah is a businessman who has served on the boards of the Commercial Bank of Kuwait and Noor Financial Investment Company. Among key reforms which have faced delays is a public debt law which would allow Kuwait to borrow from international markets, but which has faced opposition from members of parliament.

Persons: Fahd Abdulaziz Al, Jarallah, Abdulaziz Al Hajri, Saad Al Barrak, Muhammad Al Gebaly, Omar Abdel, Ahmed Hagagy, Rachna Uppal, Hugh Lawson, Angus MacSwan Organizations: Sunday, Oil, Ministry of Finance, Commercial Bank of Kuwait, Noor Financial Investment Company, Growth, International Monetary Fund, Thomson Locations: CAIRO, Kuwait

☆ Podcast: Fukushima's release, Prigozhin's video, Panama Canal gridlock and HRW's Saudi report
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Japan said it would begin the release of treated radioactive water from the stricken Fukushima nuclear plant this week. Human Rights Watch accuses Saudi border guards of killing hundreds of Ethiopian migrants at the Yemen border. Donald Trump plans to turn himself in to Georgia prosecutors on Thursday. Plus, Thailand's fugitive ex-PM returns and the Panama Canal experiences gridlock. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Persons: Donald Trump, Africa Trump Organizations: Apple, Google, Reuters, Rights Watch, Thomson Locations: Japan, Saudi, Yemen, Georgia, Panama, Africa

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