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Republican McConnell says he will probably support Powell’s Fed nomination

WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell said on Monday he would probably end up supporting Federal Reserve Chair Jerome Powell’s nomination for a second four-year term. Speaking at a Wall Street Journal event, McConnell said: “We don’t have a president who is likely to nominate somebody for the Fed that would be …

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Horse racing-Kentucky Derby winner Medina Spirit dies of heart attack

By Frank Pingue (Reuters) – Kentucky Derby winner Medina Spirit, who failed a drug test after this year’s race, died of a heart attack on Monday following a workout at a California racetrack, a lawyer for the horse’s trainer said. Medina Spirit, who stormed home under jockey John Velazquez to finish first by a half-length …

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U.S. House could vote to hike debt limit this week, senior Democrat says

By Richard Cowan WASHINGTON (Reuters) -The U.S. House of Representatives could vote this week to raise the federal government’s $28.9 trillion debt limit, the chamber’s No. 2 Democrat told reporters on Monday, without providing details on how such an effort might unfold. Treasury Secretary Janet Yellen has urged Congress to act by Dec. 15 and …

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U.S. aviation industry pans AT&T, Verizon 5G precautions

By David Shepardson WASHINGTON (Reuters) -The U.S. aviation industry said on Monday new precautionary measures offered by AT&T and Verizon Communications were insufficient to address air safety concerns raised by the planned use of C-Band spectrum for 5G wireless. The Aerospace Industries Association said in a letter to Federal Communications Commission chair Jessica Rosenworcel that …

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Accuser says she once saw Ghislaine Maxwell as ‘everything that I wanted to be’

By Luc Cohen NEW YORK (Reuters) -A woman who says Ghislaine Maxwell groomed her for abuse by late financier Jeffrey Epstein when she was a teenager testified on Monday that she initially looked up to the British socialite, calling her “everything that I wanted to be.” The woman, who is testifying under the pseudonym Kate, …

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Former U.S. Senator Dole to lie in state in U.S. Capitol Rotunda Thursday

WASHINGTON (Reuters) – The remains of former Senate Majority Leader Bob Dole, who died on Sunday, will lie in state in the U.S. Capitol Rotunda on Thursday to honor the World War Two war hero and 1996 Republican presidential nominee. “Senator Dole exemplified the greatest generation and while I never had the pleasure of serving …

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U.S. Congress nears compromise agreement on massive annual defense bill

WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer said on Monday that Republican leaders were close to reaching a compromise version of the National Defense Authorization Act, or NDAA, a massive annual bill that sets policy for the Pentagon. “This week, we also anticipate we will be able to reach a final conference agreement …

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Billionaire Steinhardt surrenders $70 million of antiquities, accepts collecting ban -Manhattan DA

By Jonathan Stempel NEW YORK (Reuters) -U.S. hedge fund billionaire and philanthropist Michael Steinhardt has surrendered $70 million of stolen antiquities and accepted a first-of-its-kind lifetime ban on acquiring antiquities to resolve a criminal probe, Manhattan District Attorney Cy Vance said on Monday. Vance said his probe, begun in February 2017, found “compelling evidence” that …

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Suspected Omicron case aboard Norwegian cruise ship is South African crew member

By Maria Caspani and Tom Hals (Reuters) – A South African crew member suspected of having the Omicron variant of COVID-19 is among the 17 cases of the virus detected on a cruise ship that disembarked in New Orleans over the weekend, the cruise line said on Monday. U.S. officials are closely monitoring the latest …

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