The nonpartisan Congressional Budget Office warned that the federal government would be at risk of a payment default as soon as July if lawmakers fail to raise the debt limit.
President Joe Biden assailed House Republicans over their legislative agenda, which he said would add $3 trillion to the national debt over a decade, while benefiting the wealthy and large corporations.
Egg prices have soared thanks to the worst-ever global bird flu outbreak that’s ravaged poultry and hen flocks in Europe and US. Now, the disease is showing early signs of spreading in South America, putting global chicken supplies into bigger danger.
The explosive rise of short-dated options is creating event risk on the scale of the stock market’s early-2018 volatility implosion, according to JPMorgan Chase & Co.’s Marko Kolanovic.
Republican House Speaker Kevin McCarthy has declared his intent to put the US “on a path to a balanced budget” within 10 years, a goal that runs headlong into stark political and fiscal realities.
US Secretary of State Antony Blinken will travel to Turkey this week, visiting a critical but at times vexing NATO ally as President Recep Tayyip Erdogan copes with the aftermath of a devastating earthquake.
Oil fell in a volatile session that was buffeted by a wave of supply and demand data and a sharply stronger dollar.
New York Mayor Eric Adams pleaded with state lawmakers to help the city pay the estimated $4.2 billion in costs associated with providing care and shelter to more than 40,000 asylum-seeking migrants.
Toronto’s 2023 budget approval process was thrown into disarray on Wednesday amid protests and confusion over when — or if — its mayor intends to resign.
Two people who co-signed FTX co-founder Sam Bankman-Fried’s $250 million bail package have been publicly identified as the former dean of Stanford’s law school and a senior research scientist at the elite university.
