Joe Biden gears up for trip to Europe to meet Queen and Putin – live

3.27pm BST15:27 Jen Psaki, Biden’s White House press secretary, went on CNN’s Reliable Sources to talk about Fox News, Newsmax and other rightwing outlets. She likened them to “propaganda pushers” and “representatives of the Russian and Chinese media asking questions directed by their government.” “The things that get under my skin are when the premise … Read more

Higher interest rates would be good for the country, Treasury Secretary Yellen says

U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis | Rueters U.S. Treasury Secretary Janet Yellen said that President Joe Biden‘s $4 trillion spending proposal would be positive for the country, even if it leads to … Read more

Manchin says he will vote against Democrats’ sweeping voting rights bill

U.S. Sen. Joe Manchin (D-WV) attends a news conference at the Marriott Hotel at Waterfront Place June 3, 2021 in Morgantown, West Virginia. Michael Swensen | Getty Images Sen. Joe Manchin said Sunday will vote against the sweeping federal election reform bill introduced by congressional Democrats, called the For the People Act, a move essentially guaranteeing … Read more

G-7 nations reach historic deal on global tax reform

Britain’s Chancellor of the Exchequer Rishi Sunak (from left), U.S. Treasury Secretary Janet Yellen, Managing Director of the IMF Kristalina Georgieva and Canada’s Finance Minister Chrystia Freeland chatting on the first day of the Group of Seven Finance Ministers Meeting at Lancaster House in London on June 4, 2021. Stefan Rousseau | AFP | Getty … Read more

G-7 nations are close to reaching a historic global tax deal

Britain’s Chancellor of the Exchequer Rishi Sunak (center), U.S. Treasury Secretary Janet Yellen (right) attend the first day of the G-7 Finance Ministers Meeting at Lancaster House in London on June 4, 2021. Stefam Rousseau | AFP | Getty Images Group of Seven rich nations will seek to overcome long-standing differences on Saturday and strike … Read more

Biden rejects new GOP infrastructure offer but will meet with Sen. Capito again Monday

U.S. President Joe Biden gestures toward Senator Shelley Capito (R-WV) during an infrastructure meeting with Republican Senators at the White House in Washington, May 13, 2021. Kevin Lamarque | Reuters President Joe Biden rejected a new Republican infrastructure counteroffer on Friday, but will continue talks with Republicans next week as the White House considers whether … Read more

AMC, meme stocks could spark more heat in the week ahead as investors await inflation news

Traders work on the floor of the New York Stock Exchange. NYSE Inflation data is a highlight of the week ahead, as investors focus on economic news in the void between earnings season and the next Fed meeting. May’s consumer price index is scheduled to be reported Thursday, and it could be hot after it … Read more

FBI chief likens ransomware threat to 9/11 as Biden plans to confront Putin at G7 – live

FBI Director Christopher Wray said the agency is investigating about 100 different types of ransomware, many of which trace back to hackers in Russia, and compared the current spate of cyberattacks with the challenge posed by the Sept. 11, 2001, terrorist attacks. “There are a lot of parallels, there’s a lot of importance, and a … Read more

Biden-Putin summit a chance to catch a ‘falling knife,’ top Russian official says

This combination of pictures created on March 17, 2021 shows US President Joe Biden(L) during remarks on the implementation of the American Rescue Plan in the State Dining room of the White House in Washington, DC on March 15, 2021, and Russian President Vladimir Putin as he and his Turkish counterpart hold a joint press … Read more

Biden prohibits U.S. investment in 59 Chinese companies allegedly tied to military, surveillance

US President Joe Biden speaks during a commemoration of the 100th anniversary of the Tulsa Race Massacre at the Greenwood Cultural Center in Tulsa, Oklahoma, on June 1, 2021. Mandel Ngan | AFP | Getty Images President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the … Read more