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Factbox-Biden’s bipartisan infrastructure deal came with sacrifices

Factbox-Biden’s bipartisan infrastructure deal came with sacrifices

© Reuters. U.S. President Joe Biden speaks following a bipartisan meeting with U.S. senators about the proposed framework for the infrastructure bill, at the White House in Washington, U.S., June 24, 2021. REUTERSKevin Lamarque WASHINGTON (Reuters) – President Joe Biden and top White House officials hailed a bipartisan, preliminary infrastructure agreement as proof that Washington…

Asian banks’ trials with ‘tokenised securities’ stuck in silos

Asian banks’ trials with ‘tokenised securities’ stuck in silos

© Reuters. The financial district is seen shrouded by haze in Singapore September 18, 2019. REUTERS/Feline Lim/Files By Alun John HONG KONG (Reuters) – Asian financial regulators should do more to support large-scale trials of “tokenised securities”, an industry body said on Thursday, since banks and technology firms’ current experiments are stuck in different silos,…

Yellen warns Congress of ‘unthinkable’ U.S. default risk without debt limit hike

Yellen warns Congress of ‘unthinkable’ U.S. default risk without debt limit hike

© Reuters. U.S. Treasury Secretary Janet Yellen testifies before the Senate Appropriations Subcommittee on Financial Services about the FY22 Treasury budget request on Capitol Hill, in Washington, DC, U.S., June 23, 2021. Shawn Thew/Pool via REUTERS By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday warned Congress that the United States risks…

Fed officials say ‘temporary’ inflation surge may last longer than thought

Fed officials say ‘temporary’ inflation surge may last longer than thought

© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis By Howard Schneider WASHINGTON (Reuters) -A period of high inflation in the United States may last longer than anticipated, two U.S. Federal Reserve officials said on Wednesday, prompting one to pull forward his views on when the…

Fed chairman’s testimony shows Biden’s economic plan working -White House

Fed chairman’s testimony shows Biden’s economic plan working -White House

© Reuters. FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS/File Photo By Andrea Shalal WASHINGTON (Reuters) – Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden’s economic plan is…

Biden, Congress divided on how to pay for infrastructure

Biden, Congress divided on how to pay for infrastructure

2/2 © Reuters. FILE PHOTO: U.S. President Joe Biden speaks about the administration’s coronavirus disease (COVID-19) response and the vaccination program during brief remarks in the State Dining Room of the White House in Washington, U.S., June 18, 2021. REUTERS/Carlos 2/2 By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) – President Joe Biden will continue…