Britain’s Prime Minister Rishi Sunak, left, and U.S. President Joe Biden, right, attend a bilateral meeting at the White House, Washington on June 8, 2023. | Photo Credit: AP President Joe Biden and British Prime Minister Rishi Sunak launched wide-ranging talks at the White House on June 8 by vowing that they would work in … Read more
President Joe Biden is welcoming Denmark and Britain’s Prime Ministers this week to Washington for talks that will focus heavily on what lies ahead in the war in Ukraine — including the recently-launched effort to train, and eventually equip, Ukraine with American-made F-16s fighter jets. Britain and Denmark are playing a pivotal role in the … Read more
Raising the nation’s debt limit, now at $31.4 trillion, will ensure that the government can borrow to pay debts already incurred. File | Photo Credit: Reuters With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt. The … Read more
Stewart Rhodes, founder of the Oath Keepers, speaks during a rally outside the White House in Washington, June 25, 2017. Rhodes has been sentenced to 18 years in prison for seditious conspiracy in the Jan. 6, 2021, attack on the U.S. Capitol. | Photo Credit: AP The founder of the Oath Keepers extremist group was … Read more
The dollar touched a six-month high against the yen on Tuesday as expectations grew that U.S. rates will remain higher for longer and as the debt ceiling impasse kept risk sentiment fragile. Among a slew of Federal Reserve heavyweights who spoke on Monday, some hinted that the central bank still has more to go in … Read more
U.S. President Joe Biden announced a new $375 million package of military aid to Ukraine on Sunday and told President Volodymyr Zelenskiy that the United States was doing all it could to strengthen Ukraine’s defense for the war with Russia. Meeting with the Ukrainian leader on the sidelines of the G7 summit of world leaders … Read more
Talks to avoid a US debt default were on a knife edge Saturday as President Joe Biden warned he would not accept “extreme” Republican demands but said he remained optimistic. “I still believe we’ll be able to avoid a default and we’ll get something decent done,” he told reporters at the G7 summit in Hiroshima, … Read more
The International Monetary Fund warned Thursday of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit. “Our assessment is that there would be very serious repercussions not only for the US but also for the global economy should there be … Read more
President Joe Biden, right, shakes hands with Prime Minister Narendra Modi. File. | Photo Credit: Reuters President Joe Biden will host Prime Minister Narendra Modi for an official state visit to the United States, which will include a state dinner, on June 22, the White House announced on May 10. “The upcoming visit will affirm … Read more
Oil prices slipped in early trade on Wednesday after industry data showed a surprise build in U.S. crude stocks, while investors awaited U.S. inflation data for April that could give direction for the Federal Reserve‘s next rate decision. Brent crude dropped 16 cents to $77.28 a barrel at 0008 GMT, while U.S. West Texas Intermediate … Read more