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White House, Republicans trade barbs as debt talks paused

White House, Republicans trade barbs as debt talks paused

2/2 © Reuters. FILE PHOTO: Speaker of the House Kevin McCarthy (R-CA) arrives for a portrait unveiling ceremony for former Speaker of the House Paul Ryan on Capitol Hill in Washington, U.S., May 17, 2023. REUTERS/Nathan Howard/File Photo 2/2 By Moira Warburton and Timothy Gardner WASHINGTON (Reuters) – President Joe Biden’s administration and congressional Republicans…

Explainer-What India’s decision to scrap its 2000-rupee note means for its economy

Explainer-What India’s decision to scrap its 2000-rupee note means for its economy

© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration By Ira Dugal MUMBAI (Reuters) – India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens…

Biden’s team reports ‘progress’ in debt ceiling talks with president

Biden’s team reports ‘progress’ in debt ceiling talks with president

© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on the economy from an auditorium on the White House campus in Washington, U.S. January 12, 2023. REUTERS/Jonathan Ernst By Jeff Mason HIROSHIMA, Japan (Reuters) -Democratic negotiators told President Joe Biden on Friday that they are making “steady progress” in talks with Republicans aimed at…

Democratic senators urge Biden to use 14th Amendment to avoid debt default

Democratic senators urge Biden to use 14th Amendment to avoid debt default

© Reuters. FILE PHOTO: Democratic 2020 U.S. presidential candidates Senator Elizabeth Warren and Senator Bernie Sanders talk before the tenth Democratic 2020 presidential debate at the Gaillard Center in Charleston, South Carolina, U.S. February 25, 2020. REUTERS/Jo WASHINGTON (Reuters) -A group of U.S. Senate Democrats called on President Joe Biden to prepare to invoke the…