Author: IA PressRoom

US House Speaker Kevin McCarthy, a Republican from California, speaks to members of the media at the … [+] US Capitol in Washington, DC, US, on Friday, May 26, 2023. Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default. Photographer: Sarah Silbiger/Bloomberg© 2023 Bloomberg Finance LP It is good that President Biden and Speaker McCarthy reached a US debt ceiling deal. If a compromise involves both sides being disappointed,…

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WASHINGTON, DC – MAY 22: U.S. President Joe Biden meets with House Speaker Kevin McCarthy (R-CA) in … [+] the Oval Office of the White House on May 22, 2023 in Washington, DC. Biden and McCarthy were meeting to discuss raising the debt limit in an effort to avoid a default by the federal government. (Photo by Drew Angerer/Getty Images)Getty Images It may be that the nearly last-minute debt deal has, at least for now, stopped the U.S. from careening into default. (Assuming that the various political factions don’t scuttle the agreement.) Putting aside the question of whether the deal…

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The writer is a contributing columnist, based in ChicagoIt’s been a rough few decades for American horseracing — and the past few weeks could mark a new low point for the sport of kings.This should be prime time for the sport: for a magical few weeks in spring and summer, three-year-olds compete in the Triple Crown of thoroughbred racing, starting with the iconic Kentucky Derby.But the headlines this Triple Crown season — my 60th — have been dominated by death. A dozen horses have died over the past month at Churchill Downs, the Kentucky Derby track, and one horse, Havnameltdown,…

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© Reuters. FILE PHOTO: U.S. President Joe Biden speaks with members of his “Investing in America Cabinet” in the Roosevelt Room at the White House in Washington, U.S., May 5, 2023. REUTERS/Leah Millis/ By Jason Lange WASHINGTON (Reuters) – The U.S. is rapidly approaching the deadline for Congress to pass a deal, reached over the weekend by Democratic President Joe Biden and top congressional Republican Kevin McCarthy, to suspend the government’s $31.4 trillion debt ceiling or risk a catastrophic default. WHEN WAS THE DEBT CEILING REACHED? Washington regularly sets a limit on federal borrowing. Currently, the ceiling is roughly equal…

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© Reuters. FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, U.S. January 27, 2023. REUTERS/Jonathan Ernst/File Photo HONG KONG/SHANGHAI (Reuters) – Tesla (NASDAQ:) Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years.     Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two of the sources said. It was not immediately clear who Musk would meet and what they would discuss. The people…

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© Reuters. Investing.com — Oil prices dropped on Monday, paring back earlier gains, as optimism over the debt ceiling agreement was tempered by renewed expectations that the will carry on with its long-running campaign of interest rate hikes. By 07:00 ET (11:00 GMT), futures traded 0.15% lower at $72.56 a barrel, while the contract slipped 0.30% to $76.75 per barrel. Volumes are expected to remain muted with U.S. and U.K. markets closed for a holiday. Both of the benchmarks, which are coming off of two consecutive weeks of gains, were initially boosted by hopes that the deal to lift the $31.4…

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Love Hate Inu CEO Carl Dawkins, a well-known crypto personality, is outraged that social media giant Instagram won’t give him a verification blue tick – and as a result hundreds of people are being scammed.Instagram is owned by Meta, the parent company of Facebook. Both social media platforms have a strict policy governing the adverts they will run from crypto companies, but are much less vigilant, it seems, when it comes to protecting their users from fraudsters.Dawkins, who is an adviser to the UK Crypto and Digital Assets All Party Parliamentary Group, is not requesting a blue tick for his own…

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close Video Fox News Flash top headlines for May 29 Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com.Vermont’s governor has vetoed a state budget that would have been the largest in the state history. DEMOCRAT-CONTROLLED VERMONT SENATE OVERRIDES GOV. PHIL SCOTT’S VETO OF CLEAN-HEAT BILL Republican Vermont Gov. Phil Scott has vetoed a proposed state budget of over $8 billion, which would have been the largest in the state’s history had he signed it into law. (AP Photo/Wilson Ring)Republican Gov. Phil Scott said the proposed budget, which is well over $8 billion, would unfairly raise…

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