Biden

Months before Russia's Nord Stream pipeline was bombed, President Joe Biden-led administration knew of a detailed Ukrainian plan to sabotage the gas pipeline to Europe, according to a new report.  What Happened: According to documents leaked online, reported by The Washington Post, the U.S....

On Saturday, President Joe Biden signed a bill that extends the debt ceiling for two years, preventing an economically damaging debt default before the pending Monday deadline. The Fiscal Responsibility Act of 2023, negotiated with House Speaker Kevin McCarthy, sets a two-year federal spending...

Ella Milman and Mikhail Gershkovich traveled from Philadelphia to Moscow recently in the hope of seeing their youngest son, Evan, in a Moscow courtroom. The Wall Street Journal reporter was arrested in Russia and is being detained and charged with espionage, the first time Russia has...

President Joe Biden and House Speaker Kevin McCarthy struck a preliminary agreement on the debt ceiling over the weekend, dubbed the "Fiscal Responsibility Act," which suspends the debt limit until 2025 and limits discretionary spending for the next two years. Negotiating teams...

President Joe Biden and House Speaker Kevin McCarthy reached the final agreement in principle on Sunday on a deal to raise the country's debt ceiling.  "The agreement prevents the worst possible crisis, a default, for the first time in our nation's history...

Some elements of this story were previously reported by Benzinga, and it has been updated. President Joe Biden spoke with House Speaker Kevin McCarthy on Sunday about raising the U.S. debt limit. Republicans and the Biden government are battling over spending cuts, which GOP...

According to a Gallup poll conducted in April, nearly 60% of Americans say their federal income taxes are too high, a level last seen in 2001. The latest percentage is up 6% compared to a year ago and 15 points from the recent low measured in 2018 and 2019, the poll, whose...

The G7 summit, held this year in the city of Hiroshima in Japan, will focus on strengthening Western nations' unity and cooperation against global geopolitical challenges. In a three-day meeting, President Joe Biden and allies from Japan, the U.K., Canada, Germany, France ...

The Biden administration recently unveiled plans to invest $830 million in improving energy efficiency in low-income housing. It aims to alleviate energy burdens on vulnerable communities while combating climate change.  Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are...

The debt ceiling impasse has been front and center, and the Biden administration and analysts warning of a potential economic catastrophe if a resolution is not reached. Wharton Professor Jeremy Siegel in his weekly commentary for Wisdomtree offered his take on the crisis-in-waiting. What Happened...

"Negotiators are still far apart" but a deal by the end of the week is "feasible," House Speaker Kevin McCarthy (R-CA) said following a debt ceiling summit with President Joe Biden and other key lawmakers on Tuesday. "We've set the stage for further...

Treasury Secretary Janet Yellen on Monday reiterated her warning in a letter addressed to House Speaker Kevin McCarthy stating that if Congress fails to raise the debt limit, it would cause severe hardships to American families. Yellen stated if the debt crisis isn't resolved it would "harm our...

Negotiations to raise the U.S. federal debt ceiling met fresh snags after the White House presented congressional Republican leaders with a list of proposals to reduce the deficit by closing tax loopholes on Monday, which were universally rejected by the GOP. President Joe Biden will meet with key...

President Joe Biden addressed the debt ceiling crisis on Wednesday, stating that Republicans are "holding the economy hostage," by threatening a default on U.S. debt.  They want "huge cuts to important programs for millions of working middle-class Americans," and...

The cost of insurance against the risk of a United States sovereign debt default reached its highest level since 2009 on Tuesday, as the protracted debt-ceiling impasse continued to keep markets on tenterhooks. Spreads on U.S. 5-year credit default swaps, which are market-based...