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Biden, McCarthy hopeful on debt ceiling deal, US president cuts Asia trip short

Biden, McCarthy hopeful on debt ceiling deal, US president cuts Asia trip short

© Reuters. FILE PHOTO: U.S. President Joe Biden hosts debt limit talks with House Speaker Kevin McCarthy (R-CA) and other Congressional leaders in the Oval Office at the White House in Washington, U.S., May 9, 2023. REUTERS/Kevin Lamarque/File Photo By Nandita Bose and David Morgan WASHINGTON (Reuters) -Democratic President Joe Biden and top congressional Republican…

Philippines’ finance minister says no reason for rate hike

Philippines’ finance minister says no reason for rate hike

© Reuters. FILE PHOTO: Philippine Finance Secretary Benjamin Diokno attends an economic briefing following President Ferdinand Marcos Jr’s first State of the Nation Address, in Pasay City, Metro Manila, Philippines, July 26, 2022. REUTERS/Lisa Marie David MANILA (Reuters) – The Philippine central bank has no reason to raise interest rates further as domestic inflation is…