Reuters USA

By Leah Douglas (Reuters) -Low-income Americans will soon receive less in food assistance or completely lose their eligibility for the benefits, as the federal government ends policies adopted at the beginning of the COVID-19 pandemic that kept millions from going hungry at a time of lockdowns and rising unemployment. Anti-hunger advocates warned that the looming …

U.S. food benefits for poor to shrink as pandemic provisions end Read More »

By Brendan O’Brien CHICAGO (Reuters) – An Illinois father will appear in court on Thursday to be arraigned on charges that he helped his underage son obtain the gun used to kill seven people at a Fourth of July parade near Chicago, despite signs that the younger man was mentally unfit. Robert Crimo Jr. is …

Father of accused July 4th gunman to be arraigned in Chicago suburb Read More »

By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said Thursday inflation remains too high and noted that she was open to raising rates by more than her colleagues wanted at their last monetary policy meeting. The Fed “has come an appreciable way in bringing policy from a very accommodative stance …

Fed’s Mester says more rate hikes needed to combat inflation Read More »

BRASILIA (Reuters) – Brazil’s economic activity increased by 2.9% in 2022, according to a central bank index released on Thursday, boosted by the services sector and defying earlier predictions of mild growth, but with recent months’ performance showing loss of momentum. After starting the previous year with a forecast of a 0.3% expansion for the …

Brazil’s economic activity rises 2.9% in 2022 Read More »

By Sarah N. Lynch (Reuters) – A top U.S. law enforcement official on Thursday unveiled a new “disruptive technology strike force” tasked with safe-guarding American technology from foreign adversaries and other national security threats. Deputy Attorney General Lisa Monaco, the No. 2 official at the U.S. Justice Department, announced the new strike force at a …

U.S. launches ‘disruptive technology’ strike force to target national security threats Read More »

NEW YORK (Reuters) – U.S. President Joe Biden is at odds with Republicans in Congress over raising the $31.4 trillion debt ceiling, a showdown that looms as a risk factor for markets. The Congressional Budget Office on Wednesday said the U.S. Treasury Department will exhaust its ability to pay all its bills sometime between July …

Factbox-The U.S. debt ceiling and markets: Gauging the fallout Read More »

By David Shepardson WASHINGTON (Reuters) – Senator Mark Kelly says Congress should consider mandating transponders on high-altitude weather and research balloons to help the U.S. military differentiate between potential threats. The issue has drawn new attention in recent days after U.S. fighter jets shot down a Chinese balloon and three other objects. “If we require …

Senator says U.S. should consider mandating transponders on high-altitude balloons Read More »

(Corrects to remove repeated quote in paragraph 6) (Reuters) – A Senate committee on Wednesday called for greater parliamentary oversight of the Bank of Canada and more transparency from the central bank as it battles to restore credibility lost during last year’s fight to contain inflation. The Bank of Canada has come under a rare …

Canadian Senate calls for Bank of Canada to be more transparent Read More »