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Kevin McCarthy says he is still ‘far apart’ on a debt ceiling solution with Biden, warning they need a deal by the end of this week to avoid an economic catastrophe

Kevin McCarthy says he is still ‘far apart’ on a debt ceiling solution with Biden, warning they need a deal by the end of this week to avoid an economic catastrophe

Speaker of the House Kevin McCarthy isn’t inspiring confidence that the US can avoid an unprecedented and catastrophic default on its debt.Last week, President Joe Biden met with McCarthy and the three other top lawmakers in Congress to come to an agreement on raising the debt ceiling before the US defaults, which Treasury Secretary Janet…

UK’s Space Forge debuts new reentry tech for in-space manufacturing satellites

UK’s Space Forge debuts new reentry tech for in-space manufacturing satellites

Welsh in-space manufacturing startup Space Forge has developed a satellite reentry system to enable rapid recovery and reuse of its in-space manufacturing spacecraft. The new system, which includes a heat shield and a water vehicle designed to soften the spacecraft’s landing, will be incorporated into the company’s in-space manufacturing satellite platform called ForgeStar. As opposed…

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…