Reuters USA

WASHINGTON (Reuters) – Democratic President Joe Biden got into a spirited exchange with congressional Republicans on Tuesday, drawing boos by asserting that some hardline conservatives want to end Social Security and Medicare in exchange for raising the debt ceiling, and then taking their cheers as a sign of “unanimity” not to do so. “Some of …

Biden declares ‘unanimity’ after Republicans boo idea of Social Security cuts Read More »

By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) – A run of strong earnings and stock market outperformance at Australia’s “big four” banking giants is set to fade later in 2023, investors said, as funding costs rise while a cooling economy portends slower credit growth and more bad debt. Commonwealth Bank of Australia (CBA), ANZ …

Australian bank performance ‘as good as it gets’ as economy starts to cool Read More »

(Reuters) -Digital Currency Group (DCG) is selling shares in several of its cryptocurrency funds at a steep discount and has started offloading its holdings in investment vehicles run by subsidiary Grayscale, the Financial Times reported on Tuesday. Woes have piled up for DCG, which is backed by SoftBank Group Corp, with its lending unit Genesis …

DCG sells shares in Grayscale crypto trusts in push to raise funds – FT Read More »

WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday hailed the recovery of the U.S. economy and creation of a record 12 million jobs in his State of the Union address, while urging Republicans to stop “fighting for the sake of fighting.” Biden’s first address to a joint session of Congress since Republicans took control of …

Biden State of the Union 2023: Stop fighting, Republican friends Read More »

By Ivan Alvarado QUILLON, Chile (Reuters) -Chilean authorities on Tuesday warned of a “very complex” situation as a new heat wave in the country’s south-central region threatened to further fan the flames of dangerous forest fires that have already left 24 dead. Over 293,000 hectares (724,000 acres) have been ravaged by fires this season, and …

Chile heat wave could further fan the flames of deadly wildfires Read More »

By Brad Brooks LUBBOCK, Texas (Reuters) -A Texas state senator on Tuesday proposed a package of legislation aimed at reducing mass shootings, like the one at a Uvalde elementary school that killed 19 kids and two teachers last year. Senator Roland Gutierrez, a Democrat whose district includes Uvalde, made appropriations requests of $2 billion in …

Texas senator proposes bills to reduce shootings, monument for victims Read More »

By Brendan O’Brien (Reuters) – An anti-abortion activist scaled the 40-story Chase Tower in downtown Phoenix on Tuesday, local media reported, days before the area hosts Super Bowl LVII. Rescue workers met Maison Des Champs, known as the “Pro-Life Spider-Man,” on the roof of the state’s tallest building moments after he reached the top at …

Anti-abortion activist climbs Arizona’s tallest building Read More »

By Joseph Ax and Daniel Trotta (Reuters) – Seven more Memphis police officers are expected to face formal disciplinary charges this week in connection with the death of Tyre Nichols, the city attorney said on Tuesday. Six officers have already been terminated, including the five charged with second-degree murder after Nichols, a 29-year-old Black man, …

More Memphis officers likely to face discipline in Tyre Nichols’ death Read More »