WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said in a letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling i[...]
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May 1, 2023
Schumer sets expedited process to consider clean debt ceiling suspension
WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer on Monday set in motion an expedited process for the chamber to consider a clean two-year suspension of the federal debt ceiling,[...]
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Asian finance leaders to debate beefing up market safeguards
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) – Asian finance leaders on Tuesday will debate ways to beef up regional safeguards to better address emergency funding needs during[...]
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South Korea April inflation eases to 14-month low, matches expectations
SEOUL (Reuters) -South Korea’s consumer inflation eased for a third consecutive month to a 14-month low in April on an annual basis, data showed on Tuesday, supporting the market’s percept[...]
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Marketmind: RBA to pause again?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Purchasing managers indexes on Tuesday offer the first glimpses into how several countries around the[...]
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Wall Street near flat after First Republic news, awaiting Fed
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended little changed on Monday as investors took in the weekend auction of First Republic Bank and braced for this week’s expected[...]
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Biden called McCarthy to set May 9 debt limit talks
WASHINGTON (Reuters) – U.S. President Joe Biden called House Speaker Kevin McCarthy and other top congressional leaders to invite them to a May 9 White House meeting to discuss the nation’[...]
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White House considers two key nominations at the Fed -NYT
(Reuters) -U.S. President Joe Biden is likely to nominate current Federal Reserve Governor Philip Jefferson to be the central bank’s vice chair and World Bank economist Adriana Kugler as a gover[...]
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US Senate Republican urges Biden, McCarthy to meet on debt ceiling: ‘Time is a-wastin’
WASHINGTON (Reuters) – No. 2 U.S. Senate Republican John Thune on Monday said the news that the federal government could no longer be able to pay its bills as soon as June 1 was an urgent signal[...]
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