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Warnings of economic catastrophe come as Congress prepares to debate debt ceiling

Warnings of economic catastrophe come as Congress prepares to debate debt ceiling

© Reuters. FILE PHOTO: A general view of the White House in Washington, U.S. July 15, 2021. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) -President Joe Biden’s top aides and local officials nationwide pleaded with U.S. lawmakers on Friday to resolve a government debt showdown that they warned could spark an economic crisis. Congress plans next week…

Germany’s Laschet says trusts ECB to keep inflation in check

Germany’s Laschet says trusts ECB to keep inflation in check

© Reuters. Christian Democratic Union (CDU) candidate for chancellor Armin Laschet holds a news conference in Berlin, Germany, September 13, 2021. REUTERS/Michele Tantussi FRANKFURT (Reuters) -Armin Laschet, the conservative candidate bidding to succeed German Chancellor Angela Merkel in this month’s election, said he was confident the European Central Bank (ECB) would achieve price stability, as…

‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report

‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report

© Reuters. FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva talks to Chinese Premier Li Keqiang before a news conference following the “1+6” Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. By Andrea Shalal and David Lawder WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva on Friday denied…

China applies to join Pacific trade pact to boost economic clout

China applies to join Pacific trade pact to boost economic clout

2/2 © Reuters. FILE PHOTO: Chinese Commerce Minister Wang Wentao attends a State Council Information Office news conference in Beijing, China February 24, 2021. REUTERS/Carlos Garcia Rawlins 2/2 BEIJING (Reuters) -Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive (NYSE:PGR) Agreement for Trans-Pacific Partnership (CPTPP)…

Brazil’s Bolsonaro hikes finance tax to pay for pandemic welfare program

Brazil’s Bolsonaro hikes finance tax to pay for pandemic welfare program

© Reuters. Brazil’s President Jair Bolsonaro looks on during a ceremony at the Planalto Palace, in Brasilia, Brazil September 15, 2021. REUTERS/Adriano Machado RIO DE JANEIRO (Reuters) – Brazil President Jair Bolsonaro on Thursday signed a decree to raise taxes on financial transactions for three months to pay for the so-called Auxílio Brasil pandemic welfare…

ECB’s Lane reveals in private meeting inflation target may be met by 2025

ECB’s Lane reveals in private meeting inflation target may be met by 2025

© Reuters. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York, U.S., September 27, 2019. REUTERS/Gary He/File Photo FRANKFURT (Reuters) -European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal…