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☆ Congress tees up votes in last-minute scramble to avert shutdown
▼ + stars: | 2023-09-30 | by ( Us Pol | ) www.cnbc.com time to read: +2 min

A general view of the U.S. Capitol, where Congress will return to deal with a series of spending bills before funding runs out and triggers a partial U.S. government shutdown, in Washington, September 25, 2023. On the other side of the Capitol, the Democratic-controlled Senate is due to advance a stopgap funding bill, but a final vote might not come for days. The standoff comes just months after Congress brought the federal government to the brink of defaulting on its $31.4 trillion debt. The drama has raised worries on Wall Street, where the Moody's ratings agency has warned it could damage U.S. creditworthiness. Congress typically passes stopgap spending bills to buy more time to negotiate the detailed legislation that sets funding for federal programs.

Persons: Jonathan Ernst, Joe Biden, Jimmy Carter's Organizations: U.S . Capitol, Reuters Lawmakers, Capitol, Democratic, creditworthiness, Republicans Locations: Washington, United States, Atlanta

That bill would have cut spending and imposed immigration and border security restrictions, Republican priorities that had little chance of passing the Democratic-majority Senate. "It's not the end yet; I've got other ideas," Republican House Speaker Kevin McCarthy told reporters following the defeat of a bill he had backed. Social Security payments themselves would continue. Lawmakers are not considering cuts to popular benefit programs such as Social Security and Medicare. Several hardliners have threatened to oust McCarthy from his leadership role if he passes a spending bill that requires any Democratic votes to pass, an outcome almost guaranteed given that any successful House bill must also pass the Senate, controlled by Democrats 51-49.

Persons: Kevin McCarthy, Jonathan Ernst, It's, I've, Joe Biden, Janet Yellen, creditworthiness, Biden, Mark Milley's, McCarthy, Hakeem Jeffries, Donald Trump, Biden's, Dan Crenshaw, Richard Neal, Moira Warburton, David Morgan, Scott Malone, Alistair Bell, Jonathan Oatis Organizations: Capitol, REUTERS, Rights, Republicans, U.S . House, Democratic, Republican, National Park Service, Securities and Exchange, Treasury, Social, Social Security, Democrats, Reuters, Thomson Locations: Washington , U.S, U.S, Mexico

U.S. President Joe Biden delivers remarks on Social Security and Medicare at the University of Tampa in Tampa, Florida, U.S. February 9, 2023. The ruling is the first to come from multiple lawsuits by drug companies and industry groups challenging the program. The drug price negotiation program is part of the Inflation Reduction Act, which Biden, a Democrat, signed last year. The Biden administration has repeatedly said there is nothing in the Constitution that prohibits drug price negotiations. Many other countries already negotiate drug prices.

Persons: Joe Biden, Jonathan Ernst, vindicating, Joe Biden's, Michael Newman, Biden, drugmakers, Newman, Karine Jean, Pierre, Donald Trump, Johnson, Januvia, Bristol Myers, Boehringer, Brendan Pierson, Nate Raymond, Costas Pitas, Alexia Garamfalvi, Bill Berkrot, Chris Reese, Leslie Adler Organizations: Social Security, University of Tampa, REUTERS, U.S, District, U.S . Chamber of Commerce, Medicare, Commerce, U.S . Justice, Republicans, Big Pharma, Republican, U.S . Centers, Medicaid Service, CMS, Bristol Myers Squibb, Pfizer, Johnson, Merck, Co's, Pharmaceutical Research, Manufacturers of America, Companies, Thomson Locations: Tampa , Florida, U.S, Dayton , Ohio, New York, Boston

☆ What could break under higher-for-longer interest rates?
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +5 min

Yet, the strain from interest rate hikes has just started to come through and with central banks signalling that rates will likely stay higher for longer, the notion of something "breaking" remains strong. Reuters Graphics Reuters Graphics1/ PROPERTY PAINNowhere is the impact of higher rates being felt more acutely than in real estate, still reeling from COVID-19. "We have many zombie companies in the United States and Europe from the low interest rates era, and I cannot imagine how they can survive now with high interest rates." Still, big question marks remain over their future, not least from a global property rout. Miller noted that European banks are also vulnerable given their bigger size relative to the economy that leaves them more exposed to risks from various pockets.

Persons: Jonathan Ernst, Heimstaden, Markus Allenspach, Julius Baer, Guy Miller, Miller Organizations: . Federal, REUTERS, Reuters Graphics Reuters, SBB, China Evergrande, HK, Federal, European Central Bank, Zurich Insurance, The Bank of Japan, Capital, Thomson Locations: Washington, Sweden, Europe, Stockholm, Berlin, CHINA, China, United States, Big U.S

☆ Asymmetric pay policy keeps US prone to shutdown
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jonathan Ernst Acquire Licensing RightsNEW YORK, Sept 29 (Reuters Breakingviews) - U.S. legislators could use more skin in the shutdown game. Lawmakers will collect their salaries during the halt, however long it lasts, but nearly 1.5 million public workers will go without wages. The average salary for a federal employee was already 24% lower than the private-sector equivalent last year, wider than 2021’s gap, according to the Federal Salary Council. The $174,000 annual salaries paid to each of the 535 U.S. legislators, meantime, will be unaffected. Their median net worth is just over $1 million, according to the nonprofit research outfit OpenSecrets, so the paychecks are important to most of them.

Persons: Kevin McCarthy, Jonathan Ernst, Ben Winck, Jeffrey Goldfarb, Sharon Lam Organizations: U.S, Capitol, REUTERS, Reuters, Republican Party, Federal Salary Council, Thomson Locations: Washington , U.S

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

☆ US Senate, House hold procedural votes as partial government shutdown looms
▼ + stars: | 2023-09-28 | by ( Moira Warburton | ) www.reuters.com time to read: +5 min

House Republicans are demanding another $120 billion in cuts, plus tougher legislation that would stop the flow of immigrants at the U.S. southern border with Mexico. McCarthy, for his part, suggested late on Tuesday that a shutdown could be avoided if Biden would negotiate on border issues. Most of Congress - including many Senate Republicans - has largely rejected House Republicans' attempts to make the situation at the border with Mexico the focus of the shutdown. The House is expected to vote on its own short term funding measure on Friday. However, it will likely include border measures that will not pass the Senate, meaning the risk of a shutdown remains high.

Persons: Jonathan Ernst, Kevin McCarthy, Joe Biden, McCarthy, Biden, let's, Donald Trump, MAGA, Chuck Schumer, brinkmanship, Mitch McConnell, Henry Cuellar, Moira Warburton, Jeff Mason, Heather Timmons, Grant McCool Organizations: U.S, Capitol, REUTERS, Rights, Democratic, Republican, House Republicans, Biden, Republicans, Social Security, Medicare, Wednesday, ., Aaa, Homeland Security, Thomson Locations: Washington , U.S, U.S, Mexico, San Francisco, Ukraine, Russia, Texas, Washington

Here’s takeaways from Thursday’s first impeachment inquiry hearing:Rep.Jamie Raskin and Oversight Chairman James Comer speak on Capitol Hill in Washington, DC, on Thursday. Conservative law professor Jonathan Turley also said that the House does not yet have evidence to support articles of impeachment against Joe Biden, but argued that House Republicans were justified in opening an impeachment inquiry. Picking witnesses that refute House Republicans arguments for impeachment is mind blowing,” one senior GOP aide told CNN. There’s a shutdown looming.”Rep Jim Jordan delivers remarks during the House Oversight Committee hearing on Capitol Hill on September 28, 2023 in Washington, DC. House Oversight Committee ranking Democratic member Rep. Jamie Raskin speaks on Capitol Hill in Washington, DC, on September 28, 2023.

Persons: Joe Biden, don’t, Hunter, Donald Trump’s, Here’s, Thursday’s, Rep.Jamie Raskin, James Comer, Jonathan Ernst, Biden, Bruce Dubinsky, “, ” Dubinsky, Jonathan Turley, ” Turley, Joe Biden’s, Turley, Trump’s, Ro Khanna, Witnesses, Jacquelyn Martin, ”, Jim Jordan, Drew Angerer, hasn’t, Trump, Hunter Biden, Jamie Raskin, Jim Bourg, Hunter Biden –, Raskin’s, Raskin, ” Raskin, Rudy, Rudy Giuliani, Giuliani, Kweisi, Lev Parnas, Giuliani’s, Parnas, Burisma, Jared Kushner, Hunter Biden’s, Kushner, Biden’s Organizations: CNN — House Republicans, GOP, Conservative, Republicans, CNN, House Republicans, George Washington University Law School, California Democrat, Capitol, ”, Getty, Service, Justice Department, Hunter Biden, Democratic, White, Democrats needled Republicans, AP, Biden, Burisma Holdings Locations: Ukraine, Washington ,, Hunter, California, Washington, Ukrainian, Maryland, Saudi Arabia

Leading House Republicans dismissed the Senate stopgap measure out of hand, saying any short-term funding measure to pass Congress with their approval must address the flow of migrants across the U.S. border with Mexico. "The Senate bill really just continues to fund Biden's open border plan. The country wants to address the open border. We need to address the open border," said House Majority Leader Steve Scalise, the chamber's No. McCarthy said House Republicans would probably bring their own stopgap measure to the floor on Friday.

Persons: Kevin McCarthy, Leah Millis, Republicans preemptively, Joe Biden, Steve Scalise, McCarthy, Washington, brinkmanship, Rosa DeLauro, Republican Mitch McConnell, Michael Bennet, Joni Ernst, Donald Trump, Moira Warburton, Richard Cowan, David Morgan, Scott Malone, Tom Hogue Organizations: Capitol, REUTERS, Rights, Republicans, Democratic, Senate, Biden, Social Security, Republican, Thomson Locations: Washington , U.S, Ukraine, U.S, Mexico

☆ When is the second Republican debate and will Trump attend?
▼ + stars: | 2023-09-26 | by ( Tim Reid | ) www.reuters.com time to read: +5 min

REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsSept 26 - Seven Republican candidates will take part in the second 2024 Republican presidential debate on Wednesday in California. FEWER CANDIDATES - AND NO TRUMP AGAINThe qualifying rules for the second debate are more stringent than the first last month, when eight candidates were on stage in Milwaukee. As he did in August, Trump will hold a rival event at the same time as the debate. Once the clear second-place candidate behind Trump, DeSantis' campaign has floundered as some other candidates closed the gap with him in recent polls. After Ramaswamy's pugnacious performance in the August debate, expect to see more attacks on him and his lack of experience, especially by Haley and Pence, both of whom had strong outings last month.

Persons: Ron DeSantis, Jonathan Ernst, Donald Trump, Ronald Reagan, Milwaukee . Long, Asa Hutchinson, Trump, Joe Biden, Mike Pence, Nikki Haley, Tim Scott of, Vivek Ramaswamy, Chris Christie, Doug Burgum, DESANTIS, DeSantis, Ramaswamy, RAMASWAMY, Ramaswamy's, Haley, Pence, Scott, TRUMP, BIDEN, Christie, Biden, Hunter Biden, Tim Reid, Costas Pitas, Ross Colvin, Jonathan Oatis, Christian Schmollinger, Susan Heavey Organizations: Florida Governor, Republican, Family Research, REUTERS, Foundation & Institute, Republican National Committee, Fox Business Network, Univision, United Auto Workers, UAW, Trump, South Carolina, New, North Dakota, DeSantis, Democratic, Thomson Locations: Washington , U.S, California, Detroit, autoworkers, Wisconsin, Simi Valley , California, Los Angeles, U.S, Milwaukee ., Arkansas, Florida, Tim Scott of South Carolina, New Jersey, North, Arizona, Nevada

☆ Biden's son Hunter sues Giuliani, lawyer over alleged data breach
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Sept 26 (Reuters) - U.S. President Joe Biden's son, Hunter Biden, sued Rudy Giuliani and Giuliani's former lawyer Robert Costello, accusing the pair of violating his privacy over data allegedly taken from his laptop, court documents filed on Tuesday showed. Republicans have focused on Hunter Biden as President Joe Biden, a Democrat, seeks re-election next year. Representatives for Giuliani and Costello could not immediately be reached for comment on the lawsuit. Earlier this month, Costello and his law firm separately sued Giuliani over more than $1.3 million in unpaid legal fees.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, Rudy Giuliani, Robert Costello, Biden, Giuliani, Donald Trump, Costello, Trump, Jonathan Stempel, Susan Heavey, Jonathan Oatis Organizations: REUTERS, Rights, White House, Trump, U.S . Internal Revenue Service, Republicans, Democrat, Democratic, Plaintiff, Thomson Locations: Wilmington , Delaware, U.S, Los Angeles, Delaware

A general view of the U.S. Capitol, where Congress will return Tuesday to deal with a series of spending bills before funding runs out and triggers a partial U.S. government shutdown, in Washington, U.S. September 25, 2023. Congress has shut down the government 14 times since 1981, though most of those funding gaps have lasted only a day or two. Despite the looming shutdown deadline, the House will turn its attention first to the four full-year bills, which even if they pass would not fund the full government or prevent a shutdown. Success is not guaranteed: Republican hardliners blocked action on spending bills last week and some have said they would try to do so again. But that could prompt Republican hardliners to act on their threat to depose McCarthy, plunging the chamber further into chaos.

Persons: Jonathan Ernst, Kevin McCarthy, Moody's, Joe Biden, McCarthy, Biden, McCarthy's, Ralph Norman, Donald Trump, David Morgan, Andy Sullivan, Moira Warburton, Trevor Hunnicutt, Scott Malone, Bill Berkrot Organizations: U.S . Capitol, REUTERS, Rights, U.S . House, Democratic, Republican, National, U.S . government's AAA, Republicans, Social Security, House Republicans, Sunday, Caucus, Senate, Thomson Locations: Washington , U.S, Washington, China, Congress, America

☆ Morning Bid: Treasury yields march on
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Long-term Treasury yields, traditionally subdued in Asian hours, spiked to a fresh 16-year peak , keeping the dollar close to multi-month tops to G-3 rivals the euro, pound sterling and yen. Reuters GraphicsAngst over tighter financial conditions pulled down Asia Pacific stocks as well, overshadowing Wall Street's overnight rally and sounding a warning for European equities. Investor jitters were evident in the underperformance of the Hang Seng's property index (.HSMPI), down a resounding 1.9%. Moody's has upped the stakes with a stern warning that potentially puts the country's last triple-A rating on the line. It comes as the U.S. budget deficit continues to widen on higher spending and falling tax receipts.

Persons: Jonathan Ernst, Kevin Buckland, Hong, Moody's, Philip Lane, Riksbank's Per Jansson, Jacqueline Wong Organizations: . Federal, REUTERS, Reuters, Asia, Japan's Nikkei, fester, Bloomberg, U.S, Treasury, Thomson Locations: Washington, Asia Pacific

☆ Senate Republicans and Democrats near deal to help avoid govt shutdown - Bloomberg News
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: 1 min

A general view of the U.S. Capitol, where Congress will return Tuesday to deal with a series of spending bills before funding runs out and triggers a partial U.S. government shutdown, in Washington, U.S. September 25, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsSept 25 (Reuters) - U.S. Senate Republicans and Democrats are nearing an agreement on a short-term spending measure intended to avoid a US government shutdown on Oct. 1, Bloomberg reported on Monday, citing a person familiar with the talks. Legislation would prolong funding for four to six weeks, according to the unnamed person. Some hard-line Republicans in the House of Representatives, however, are vowing to withhold votes for a stopgap. Reporting by Costas Pitas; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Ernst, Costas Pitas, Himani Sarkar Organizations: U.S . Capitol, REUTERS, U.S, Senate Republicans, Democrats, Bloomberg, Thomson Locations: Washington , U.S

☆ Republican candidate DeSantis to debate California's Newsom on Nov 30 - Fox
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

[1/3] Florida Governor and Republican presidential candidate Ron DeSantis addresses the Pray Vote Stand Summit, organized by the Family Research Council in Washington, U.S. September 15, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsSept 25 (Reuters) - U.S. Republican presidential contender and Florida Governor Ron DeSantis will debate California counterpart Gavin Newsom, a Democrat, for 90 minutes on Nov. 30 on Fox News Channel, the network said in a statement on Monday. Newsom, 55, described the 45-year-old DeSantis as a "small, pathetic man" and called for criminal and civil investigations. Fox News billed the Nov. 30 event as a debate between so-called red and blue states, referring to Republicans and Democrats respectively. A Reuters/Ipsos poll last month showed DeSantis trailing front-runner Donald Trump by nearly 40 percentage points in the race for the Republican presidential nomination.

Persons: Ron DeSantis, Jonathan Ernst, Gavin Newsom, Newsom, DeSantis, Sean Hannity, Donald Trump, David Ljunggren, Jonathan Oatis Organizations: Florida Governor, Republican, Family Research, REUTERS, Florida, Democrat, Fox News Channel, Fox News, Republicans, Reuters, Thomson Locations: Washington , U.S, California, Florida

REUTERS/Jonathan Ernst Acquire Licensing RightsNEW YORK, Sept 25 (Reuters) - A U.S. government shutdown would negatively impact the country's credit, credit rating agency Moody's said on Monday, a stern warning coming one month after Fitch downgraded the U.S. by one notch on the back of a debt ceiling crisis. Moody's has an "Aaa" rating for the U.S. government with a stable outlook - the highest creditworthiness it assigns to borrowers. "Fiscal policymaking is less robust in the U.S. than in many Aaa-rated peers, and another shutdown would be further evidence of this weakness," Moody's said in a statement. The economic impact of a shutdown would likely be limited and short-lived, with the most direct economic impact caused by lower government spending. Of course, the longer the shutdown lasts, the more negative its impact would be on the broader economy, said Moody's.

Persons: Jonathan Ernst, Moody's, Fitch, William Foster, Foster, Davide Barbuscia, Megan Davies, Sharon Singleton, Josie Kao Organizations: U.S . Capitol, REUTERS, U.S, Reuters, P Global, Aaa, Republican Party, Thomson Locations: Washington , U.S, U.S, Washington, Aaa, Moody's

☆ Speaker McCarthy: U.S. House to vote on appropriations measure Tuesday
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: 1 min

U.S. House Speaker Kevin McCarthy speaks with reporters at the U.S. Capitol in Washington, U.S. September 20, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Sept 25 (Reuters) - U.S. House Speaker Kevin McCarthy said on Monday the House of Representatives will vote on an appropriations measure on Tuesday that would open debate on four fiscal 2024 spending bills, after some holdouts on defense appropriations were apparently willing to work now. Reporting by David Morgan; Editing by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin McCarthy, Jonathan Ernst, David Morgan, Doina Organizations: U.S, Capitol, REUTERS, Rights, ., Thomson Locations: Washington , U.S

☆ Morning Bid: Fed's hawkish pause keeps pressure on markets
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

Global markets have been feeling the heat as U.S. bond yields surged and a strengthened dollar hit a six-month high following the Federal Reserve's hawkish tone last week. The euro zone central bank also struck a relatively dovish tone. But markets will have plenty of material to pore over this week as they try to glean future Fed moves. In the euro zone, ECB President Christine Lagarde kicks off a string of speeches and remarks this week. Markets are expecting that the euro zone's central bank is done hiking.

Persons: Jonathan Ernst, Brigid Riley, Neel Kashkari, Christine Lagarde, Francois Villeroy de Galhau, Isabel Schnabel, Fed's Neel Kashkari, Edmund Klamann Organizations: . Federal, REUTERS, Brigid, Brigid Riley Investors, Global, Federal Reserve, U.S, Minneapolis, China, HK, ECB policymaker, Bank of France, ECB, Thomson Locations: Washington, U.S, Europe, Britain, Switzerland, Japan, China, Hollywood

☆ Poland to check vehicles crossing Slovak border amid migrant surge
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWARSAW, Sept 25 (Reuters) - Poland will introduce checks on vehicles crossing the border from Slovakia, the prime minister said on Monday, in measures to stem the flow of immigrants. Meanwhile, Slovakia has been struggling with a surge in illegal migrants. The number of illegal migrants detained in Slovakia has increased nine-fold from a year ago to more than 27,000 so far this year, according to the country's interior ministry. Morawiecki said that Scholz's words could be a preparation for closing the border with Poland. Muller had said that the government does not rule out also strengthening controls on the border with Germany.

Persons: Mateusz Morawiecki, Kamala Harris, Jonathan Ernst, Morawiecki, Piotr Muller, Muller, Olaf Scholz, adressing Scholz, Alan Charlish, Anna Koper, Andrew Cawthorne, Hugh Lawson, Alison Williams Organizations: Poland's, U.S, White, Washington , D.C, REUTERS, Rights, Law and Justice, Slovak, Thomson Locations: Washington ,, Poland, Slovakia, Warsaw, Polish, Germany

Biden is running for re-election in 2024 and will likely face Trump, who is the frontrunner for the Republican presidential nomination. "The only reason Biden is going to Michigan on Tuesday is because President Trump announced he is going on Wednesday," the Trump campaign said in a statement late on Friday. Trump has called for rank-and-file union workers to ignore their leaders. United Auto Workers President Shawn Fain blasted Trump earlier in the week, saying the union was "fighting the billionaire class and an economy that enriches people like Donald Trump at the expense of workers." Workers on the picket lines had mixed feelings over whether Biden should visit.

Persons: Joe Biden, Jonathan Ernst, Biden, Donald Trump, I’ll, Trump, Jeremi Suri, Jimmy Carter, Biden's, CLASS, Shawn Fain, Theodore Roosevelt, Suri, Roosevelt, Henry Cabot, “, Laura Zielinski, ” Thomas Morris, Morris, Heather Timmons, Jeff Mason, Ben Klayman, David Gaffen, Kanishka Singh, Jarrett Renshaw, Matthew Lewis, Nick Zieminski, Alistair Bell, Timothy Gardner Organizations: Motors, REUTERS, WASHINGTON, United Auto Workers, Detroit, UAW, Republican, Friday, General Motors, Chrysler, Ford Motor, University of Texas, Washington, CLASS Trump, White House, Department of Labor, Workers, Thomson Locations: Detroit , Michigan, U.S, TOLEDO , Ohio, Michigan, United States, Austin, Detroit, Toledo , Ohio, Toledo, Philadelphia, Washington, New York

☆ WTO needs progress on 'non-market' practices, dispute settlement -USTR's Tai
▼ + stars: | 2023-09-22 | by ( David Lawder | ) www.reuters.com time to read: +4 min

She said that in recent years, the WTO has failed to address non-market practices by some countries, seeking to "dominate key industrial sectors, promote national champions and discriminate foreign competitors, massively subsidize key sectors and manipulate cost structures." "And we certainly need to reform our dispute settlement system." "The United States wants a WTO where dispute settlement is fair and effective and supports a healthy balance of sovereignty, democracy, and economic integration," Tai said. Where we have better rules and tools to tackle non-market policies and practices and to confront the climate crisis and other pressing issues." Tai has long pushed back against China's "non-market" economic and trade practices from China, raising fresh objections to its state-led approach during a late May meeting with Chinese Commerce Minister Wang Wentao in Detroit.

Persons: Katherine Tai, Biden's, Jonathan Ernst, Tai, Ngozi, Iweala, Wang Wentao, David Lawder, Grant McCool Organizations: Trade, REUTERS, Rights, . Trade, World Trade Organization, WTO, Center for Strategic, China's, Chinese Commerce, Thomson Locations: Washington , U.S, U.S, WTO, Washington, China, Abu Dhabi, United States, Detroit

"The alleged facts are so serious that they compromise the ability of Senator Menendez to effectively represent the people of our state," Murphy - who would appoint a temporary replacement for Menendez should he resign - said in a statement. "Behind the scenes, Senator Menendez was doing those things for certain people - the people that were bribing him and his wife," Williams said. A lawyer for Nadine Menendez, 56, who has been married to the senator since 2020, said she denied wrongdoing and would "vigorously defend" against the allegations in court. MENENDEZ HAS FACED OTHER PROBESThe investigation marks the third time Menendez has been investigated by federal prosecutors, although he has never been convicted. Bob and Nadine Menendez also each face one count of conspiracy to commit extortion under color of official right.

Persons: Bob Menendez, Menendez, Chuck Schumer, Joe Biden, Phil Murphy, Murphy, Prosecutors, Damian Williams, Williams, Nadine Menendez, MENENDEZ, Robert Menedez, Jonathan Ernst, Ben Cardin, Prince Mohammed bin Salman, Ted Stevens, Larry Craig, Wael Hana, Jose Uribe, Fred Daibes, Bob, Hana, Washington, Uribe, Daibes, Luc Cohen, Jonathan Stempel, Patricia Zengerle, Matt Spetalnick, Simon Lewis, Makini Brice, Andrew Goudsward, Tom Hals, Mark Porter, Daniel Wallis, Rosalba O'Brien Organizations: U.S, Jersey businessmen, U.S . Senate, Foreign, Democratic, U.S . House, Representatives, Benz, Capitol, REUTERS, Republican, U.S . Department of Agriculture, New, Menendez, Daibes, Thomson Locations: WASHINGTON, Jersey, U.S, Manhattan, Egypt, Ukraine, China . New Jersey, New Jersey, Washington , U.S, Cuban American, Cuba, Venezuela, Saudi Arabia, Alaska, Idaho, United States, Washington, New York

☆ Biden visit to UAW strike would be historic move by US president
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +4 min

The UAW on Friday invited Biden to visit workers on its picket lines, and said that it would expand its Detroit strike to parts distribution centers across the United States at General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI). "It’s very rare for a president to visit strikers," said Jeremi Suri, a historian and presidential scholar at the University of Texas at Austin. The White House said the president appreciates the UAW invitation, saying Biden will continue to fight for workers, but but did not immediately commit to visiting the strikers. Biden said the automakers should "go further to ensure record corporate profits mean record contracts for the UAW," echoing sentiments by union leaders. Workers on the picket lines had mixed feelings over whether Biden should visit.

Persons: Joe Biden, Jonathan Ernst, Biden, Jeremi Suri, Jimmy Carter, Biden's, Donald Trump, Trump, Shawn Fain, Theodore Roosevelt, Suri, Roosevelt, Henry Cabot Lodge, “, Laura Zielinski, Heather Timmons, Ben Klayman, David Gaffen, Matthew Lewis, Nick Zieminski Organizations: Motors, REUTERS, WASHINGTON, United Auto Workers, UAW, Friday, Detroit, General Motors, Chrysler, Ford Motor, University of Texas, Washington, Trump, White House, Massachusetts, Department of Labor, Workers, Thomson Locations: Detroit , Michigan, U.S, TOLEDO , Ohio, United States, Austin, Detroit, Toledo , Ohio, Toledo, Washington, New York

U.S. House Speaker Kevin McCarthy speaks with reporters at the U.S. Capitol in Washington, U.S. September 20, 2023. Instead, they are preparing four separate spending bills, most of which reflect the deep cuts sought by the party's right flank. The House could vote on those bills on Tuesday, Speaker Kevin McCarthy said. Passage of the spending bills could give Republicans some leverage in negotiations with the Senate. On Thursday, the House blocked a procedural vote on an $886 billion defense spending bill, as five Republicans joined Democrats to capsize it.

Persons: Kevin McCarthy, Jonathan Ernst, Joe Biden, McCarthy, Donald Trump, Chuck Schumer, Makini Brice, Richard Cowan, Andy Sullivan, Alistair Bell Organizations: U.S, Capitol, REUTERS, Rights, U.S . House, Republicans, Democratic, Senate, State Department, Democrats, Republican, Democrat, Thomson Locations: Washington , U.S, U.S

Senator Robert Menedez (D-NJ) walks to the Senate floor for a procedural vote at the U.S. Capitol in Washington, U.S. September 20, 2023. The investigation marks the third time Menendez has been investigated by federal prosecutors, but he has never been convicted. Prosecutors said Hana, who is originally from Egypt, arranged dinners and meetings between Menendez and Egyptian officials in 2018 at which the officials pressed Menendez on the status of U.S. military aid. Menendez at a meeting in 2018 told Hana non-public information about the status of the aid, prosecutors said. Hana then texted an Egyptian official, "The ban on small arms and ammunition to Egypt has been lifted," according to the indictment.

Persons: Robert Menedez, Jonathan Ernst, Bob Menendez, Menendez, Joe Biden, Prosecutors, Damian Williams, Nadine Menendez, Wael Hana, Jose Uribe, Fred Daibes, Uribe, Daibes, Hana, Egypt’s, Jon Corzine, Clifford Case, Luc Cohen, Jonathan Stempel, Simon Lewis, Andrew Goudsward, Tom Hals, Mark Porter Organizations: U.S, Capitol, REUTERS, New Jersey businessmen, U.S . Senate, Foreign Relations, Prosecutors, NBC, Benz, Hana, State Department, U.S . Department of Agriculture, USDA, New, Republican, Thomson Locations: Washington , U.S, WASHINGTON, New Jersey, U.S, Manhattan, Egypt, Ukraine, China, United States, Washington, New York

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