
HSBC Explores Deals in Debt-Swap Market That Credit Suisse Built
HSBC Holdings Plc has added its name to the list of banks looking to expand into a fast-growing
2023-06-01 13:28

'RHOA' Season 15 Episode 4: Viewers rating plunges to all-time low, fans say 'they need Kim and Nene'
With a mere 657,000 viewers for Season 15 Episode 4, 'RHOA' hits rock bottom as fans speculate the absence of past cast members as the culprit
2023-06-01 13:24

US companies, nudged by Black employees, have stepped up donations to HBCUs
Historically Black colleges and universities, which had seen giving from foundations decline in recent decades, have seen an increase in gifts particularly from corporations and corporate foundations over the last several years
2023-06-01 13:24

Ramaphosa Deploys Envoys to Explain South Africa’s Russia Stance
South Africa’s president will send four of his cabinet ministers to Group of Seven nations to explain the
2023-06-01 13:19

Explainer-Can a New York state law solve an emerging markets debt crisis?
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON A bill backed by debt justice campaigners and civil
2023-06-01 13:17

Marketmind: Plotting policy paths for Europe and the US
A look at the day ahead in European and global markets from Kevin Buckland It's a volatile time for central
2023-06-01 13:15

Revised DACA program to be debated before Texas judge who previously ruled against it
A revised version of a federal policy that prevents the deportation of hundreds of thousands of immigrants brought to the U.S. as children is scheduled to be debated before a federal judge in Houston who previously ruled the program illegal
2023-06-01 12:58

When is Madison Beer's latest album ‘Silence Between Songs’ releasing? Singer takes listeners on powerful emotional journey
Madison Beer's music is a true testament to putting one's unique stamp on their passions while being true to their authentic self
2023-06-01 12:58

Amouranth vs Mayichi: Where, when and how to watch La Velada Del Ano 3?
The event will be broadcast live on streamer Ibai's channel on Twitch for free
2023-06-01 12:56

LGBTQ+ Pride month kicks off with protests, parades, parties
The start of June marks the beginning of Pride month around the United States and some parts of the world, a season to celebrate the lives and experiences of LGBTQ+ people and to protest against the recent rollback of hard-won civil rights gains
2023-06-01 12:53

After sailing though House on bipartisan vote, Biden-McCarthy debt ceiling deal now goes to Senate
Veering away from a default crisis, the House overwhelmingly approved a debt ceiling and budget cuts package, sending the deal that President Joe Biden and Speaker Kevin McCarthy negotiated to the Senate for swift passage in a matter of days, before a fast-approaching deadline. The hard-fought compromise pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act. Tensions ran high as hard-right Republicans refused the deal, but Biden and McCarthy assembled a bipartisan coalition to push to passage on a robust 314-117 vote late Wednesday. “We did pretty dang good,” McCarthy, R-Calif., said afterward. Amid deep discontent from Republicans who said the spending restrictions did not go far enough, McCarthy said it is only a “first step." Biden, watching the tally from Colorado Springs where Thursday he is scheduled to deliver the commencement address at the U.S. Air Force Academy, phoned McCarthy and the other congressional leaders after the vote. In a statement, he called the outcome “good news for the American people and the American economy.” Washington is rushing after a long slog of debate to wrap up work on the package to ensure the government can keep paying its bills, and prevent financial upheaval at home and abroad. Next Monday is when the Treasury has said the U.S. would run short of money and risk a dangerous default. Biden had been calling lawmakers directly to shore up backing. McCarthy worked to sell skeptical fellow Republicans, even fending off challenges to his leadership, in the rush to avert a potentially disastrous U.S. default. A similar bipartisan effort from Democrats and Republicans will be needed in the Senate to overcome objections. Overall, the 99-page bill would make some inroads in curbing the nation’s deficits as Republicans demanded, without rolling back Trump-era tax breaks as Biden wanted. To pass it, Biden and McCarthy counted on support from the political center, a rarity in divided Washington. A compromise, the package restricts spending for the next two years, suspends the debt ceiling into January 2025 and changes some policies, including imposing new work requirements for older Americans receiving food aid and greenlighting an Appalachian natural gas line that many Democrats oppose. It bolsters funds for defense and veterans, and guts new money for Internal Revenue Service agents. Raising the nation's debt limit, now $31 trillion, ensures Treasury can borrow to pay already incurred U.S. debts. Top GOP deal negotiator Rep. Garret Graves of Louisiana said Republicans were fighting for budget cuts after the past years of extra spending, first during the COVID-19 crisis and later with Biden's Inflation Reduction Act, with its historic investment to fight climate change paid for with revenues elsewhere. But Republican Rep. Chip Roy, a member of the Freedom Caucus helping to lead the opposition, said, “My beef is that you cut a deal that shouldn’t have been cut.” For weeks negotiators labored late into the night to strike the deal with the White House, and for days McCarthy has worked to build support among skeptics. At one point, aides wheeled in pizza at the Capitol the night before the vote as he walked Republicans through the details, fielded questions and encouraged them not to lose sight of the bill’s budget savings. The speaker has faced a tough crowd. Cheered on by conservative senators and outside groups, the hard-right House Freedom Caucus lambasted the compromise as falling well short of the needed spending cuts, and they vowed to try to halt passage. A much larger conservative faction, the Republican Study Committee, declined to take a position. Even rank-and-file centrist conservatives were unsure, leaving McCarthy searching for votes from his slim Republican majority. Ominously, the conservatives warned of possibly trying to oust McCarthy over the compromise. One influential Republican, former President Donald Trump, held his fire: "It is what it is,” he said of the deal in an interview with Iowa radio host Simon Conway. House Democratic leader Hakeem Jeffries said it was up to McCarthy to turn out Republican votes in the 435-member chamber, where 218 votes are needed for approval. As the tally faltered on an afternoon procedural vote, Jeffries stood silently and raised his green voting card, signaling that the Democrats would fill in the gap to ensure passage. They did, advancing the bill that hard-right Republicans, many from the Freedom Caucus, refused to back. “Once again, House Democrats to the rescue to avoid a dangerous default,” said Jeffries, D-N.Y. “What does that say about this extreme MAGA Republican majority?” he said about the party aligned with Trump’s ”Make America Great Again” political movement. Then, on the final vote hours later, Democrats again ensured passage, leading the tally as 71 Republicans bucked their majority and voted against it. The nonpartisan Congressional Budget Office said the spending restrictions in the package would reduce deficits by $1.5 trillion over the decade, a top goal for the Republicans trying to curb the debt load. In a surprise that complicated Republicans' support, however, the CBO said their drive to impose work requirements on older Americans receiving food stamps would end up boosting spending by $2.1 billion over the time period. That's because the final deal exempts veterans and homeless people, expanding the food stamp rolls by 78,000 people monthly, the CBO said. Liberal discontent, though, ran strong as nearly four dozen Democrats also broke away, decrying the new work requirements for older Americans, those 50-54, in the food aid program. Some Democrats were also incensed that the White House negotiated into the deal changes to the landmark National Environmental Policy Act and approval of the controversial Mountain Valley Pipeline natural gas project. The energy development is important to Sen. Joe Manchin, D-W.Va., but many others oppose it as unhelpful in fighting climate change. On Wall Street, stock prices were down Wednesday. In the Senate, Democratic Majority Leader Chuck Schumer and Senate Republican leader Mitch McConnell are working for passage by week's end. Schumer warned there is ”no room for error." Senators, who have remained largely on the sidelines during much of the negotiations, are insisting on amendments to reshape the package. But making any changes at this stage seemed unlikely with so little time to spare before Monday's deadline. ___ AP White House Correspondent Zeke Miller, AP writers Mary Clare Jalonick, Seung Min Kim and Jill Colvin and video journalist Nathan Ellgren contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Debt ceiling deal advances pipeline and tweaks environmental rules. But more work remains. Republicans get their IRS cuts; Democrats say they expect little near-term impact Progressives and conservatives complain as Biden-McCarthy debt deal passes
2023-06-01 12:50

Madeleine McCann news – latest: Investigators set to widen search after new photos reveal ‘clues’
Investigators are set to widen the search for Madeleine McCann after photos belonging to prime suspect Christian Brueckner revealed ‘clues’. Two other areas surrounding Praia da Luz, where Madeleine disappeared in 2007, could be searched by police, the Sun reported. Investigators made the discovery after looking through more than 8,000 photographs belonging to Brueckner. A source told the Sun: “German officers have gone through more than 8,000 pictures belonging to Christian B. That forensic work led them to Barragem - but there are other places that have come up in the pictures too. “Detectives are seeking to work out where they are and why Christian B was taking pictures of those places.” Last week police searched the remote Barragem do Arade reservoir in the Algarve, Portugal, around 35 miles from where the then-three-year-old went missing. The office of German prosecutor Christian Wolters said investigators were acting in response to “certain tips”. The reservoir is known to have been frequented by the latest suspect in the case Christian Brueckner. According to Portuguese broadcaster SIC, the suspect considered the area his “little slice of paradise”. Read More How Madeleine McCann search at reservoir unfolded – and what police found Sixteen years and countless heartbreaks: Where are Madeleine McCann’s family now? Madeleine McCann case: Timeline of the missing child’s disappearance How much has the Madeleine McCann investigation cost?
2023-06-01 12:49