President Biden was joined by first lady Jill Biden, Vice President Kamala Harris and Harris’ husband, Douglas Emhoff, for the 155th National Memorial Day Observance.
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After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default. The stakes are high for both men — and now each will have to persuade lawmakers in their parties to vote for it. Treasury Secretary Janet Yellen said last week that the United States could run out of cash to pay the bills and default on its debt obligations by June 5. The ultimate agreement is a two-year budget deal that would essentially hold spending flat for 2024, while boosting it for defense and veterans, and capping increases at 1% for 2025.
The reviews are starting to come in about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy. Even before seeing the details, some lawmakers were criticizing the deal as not doing enough to tackle the nation’s debt, while others worried it’s too austere and will harm many low-income Americans. The legislation will probably need support from a significant number of lawmakers from both parties to clear the closely divided House and gain the 60 votes necessary to advance in the Senate. The 99-page bill that resulted from the Biden-McCarthy negotiations was made public Sunday night.
The debt ceiling deal has come with just days to spare before a potential first-ever government default. On Sunday, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement and they are urging Congress to quickly pass it. Biden pronounced the development “good news” in remarks at the White House announcing the agreement. This followed a tentative compromise announced late Saturday. The deal risks angering some Democratic and Republican lawmakers as they begin to unpack the concessions, which include spending cuts. McCarthy and Biden spoke Sunday evening as negotiators drafted legislative text. They face a June 5 deadline when Treasury says the U.S. would risk a debt default.
Musk’s startup is developing a small device that will link the brain to a computer, consisting of electrode-laced wires. Placing the device requires drilling into the skull.
The historic impeachment of Texas Attorney General Ken Paxton is plunging Republicans into a bruising fight over whether to banish one of their own in America’s biggest red state.
This Memorial Day weekend communities across the country are honoring the history and legacy of those who served militarily — and especially f…
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President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis. McCarthy outlined the proposed deal Saturday night. Biden and McCarthy spoke by phone earlier in the evening as they raced to prevent a catastrophic debt default. With the outline of an agreement, a legislative package can be drafted in time for votes in Congress next week. That's ahead of a projected June 5 federal default. Negotiators have wrangled over a deal that would also making spending cuts that House Republicans are demanding.
While artificial intelligence is seeding upheaval across the workforce, from screenwriters to financial advisors, the technology will disproportionately replace jobs typically held by women, according to human resources analytics firm Revelio Labs.
Planning on squirting some ketchup on your hot dog at a barbecue this weekend? You may be seeing red.
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An upbeat President Joe Biden says a deal to resolve the government’s debt ceiling crisis seems “very close." He spoke late Friday, shortly after Treasury Secretary Janet Yellen pushed the deadline for a potentially catastrophic default back to June 5. That announcement seemed likely to drag negotiations between the White House and Republicans into another frustrating week. House Republicans led by Speaker Kevin McCarthy spent the day negotiating by phone and computers with the White House. One Republican negotiator, Rep. Patrick McHenry of North Carolina, called Biden’s comments “a hopeful sign” but also cautioned that there’s still “sticky points” impeding a final agreement.
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For all the concern over when the government might run out of money to cover all its bills, it turns out that no one can be absolutely sure exactly when the country faces a potential default if there's no deal to raise the debt limit. Calculating the so-called “X-date” when the country is going to run short of cash requires monitoring major fluctuations in cash flowing into and out of the Treasury and factoring in the timing and size of big payments coming due, among other factors. Treasury Secretary Janet Yellen has warned Congress that the government could default by June 5. But amid all the squabbling over the debt, the X-date itself has become a subject of political rancor.
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House Republicans still don’t have a deal with President Joe Biden to raise the nation’s debt ceiling a little more than a week away from a potentially catastrophic default. House Speaker Kevin McCarthy says negotiators are working to “finish the job” and seal a deal before the country runs out of cash to pay its bills. Republicans worked through the night with the White House to find agreement on spending cuts that GOP lawmakers have demanded in exchange for raising the debt limit and avoiding default. McCarthy says he doesn't know when they will finalize the details of a deal.
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Authorities say Russia’s southern Belgorod region that borders Ukraine came under attack from Ukrainian artillery fire, hours after two drones struck a Russian city in a region next to the Crimea Peninsula. The Kremlin’s forces meanwhile struck a clinic in Dnipro on Friday, killing two and wounding another 23, including two children. Ukrainian officials also said a Russian missile hit a dam in the Karlivka district of Donetsk province in eastern Ukraine. That placed nearby settlements under threat of severe flooding. Russia's Belgorod region was earlier this week the target of one of the most serious cross-border attacks from Ukraine since the war began 15 months ago.
CBS is television's most popular network for the 15th straight year, even though the bragging rights don't mean quite what they used to. Its streak began before people knew what streaming or cord-cutting meant, when CBS' prime-time live audience was roughly double what it is now. The Nielsen company says CBS beat NBC, Fox and ABC in that order, the same standings from a year ago. A typical television season runs from September to May. NBC's ‘Sunday Night Football’ was the most popular prime-time program. CBS' ‘NCIS’ was the most-watched drama, while ‘Young Sheldon’ held the honors for comedy.
A recently completed merger between two top-tier rail lines will send more trains along the upper Mississippi River — and in some areas, thousands more carloads of hazardous materials.
The affected jobs are mostly at Walgreens’ Deerfield and Chicago offices.
The committee also rejected Gov. Tony Evers' request to make permanent 38 revenue agent positions that handle collection of delinquent taxes.
Badgers coaches from winter sports combined for more than $240,000 in bonuses in 2022-23, including for making the NIT semifinals.
Asian markets are mixed as a deadline looms for Congress to reach a deal on the U.S. government debt or face a potentially damaging default. Tokyo and Seoul rose while Shanghai and Sydney fell. Hong Kong was closed for a holiday. The S&P 500 rose 0.9% Thursday after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the rush into AI. Treasury yields rallied after reports suggested the U.S. economy is in better shape than feared. Talks on raising the U.S. debt ceiling continued Thursday while lawmakers left town for the Memorial Day holiday weekend just days before the U.S. could face an unprecedented default.
Deadline looming, Biden and McCarthy narrow in on budget deal to lift debt ceiling
California regulators say the state is unlikely to run short of electricity this summer, thanks to new power sources and a wet winter that filled reservoirs to restart hydroelectric power plants shuttered during the drought. Officials say more than 8,000 megawatts of new wind, solar and battery power will come online by September. One megawatt of electricity is enough to power about 750 homes. California normally has more than enough electricity to power the homes and businesses of its more than 39 million people. But the electrical grid has trouble when it gets really hot and everyone turns on their air conditioners at the same time. California ran short of power in 2020. That caused brief blackouts for hundreds of thousands of households.
Virgin Galactic has completed a final test flight before taking paying customers on brief trips to space. Six of the company's employees landed Thursday morning at Spaceport America in southern New Mexico after a flight that included a few minutes of weightlessness. The flight came nearly two years after founder Richard Branson beat fellow billionaire and Amazon founder Jeff Bezos to space. Flights were grounded after that trip as federal aviation authorities investigated a mishap. The first commercial flight will be a science mission with the Italian Air Force. Next will come paying ticket holders who have been waiting years for their chance at weightlessness.