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May 10, 2024
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World Newspapers: McCarthy’s deal for gavel raises fears on debt limit
Sunday, 08 January 2023 21:15
The US federal government spends far more money each year than it receives in revenues, producing a budget deficit that is projected to average in excess of $1 trillion a year for the next decade. Those deficits will add to a national debt that topped $31 trillion last year. Administration officials have given no indication that they would negotiate with Republicans over a debt-limit increase at all — nor that they were preparing to act unilaterally to bypass the debt ceiling, as some progressives have pushed for, in the event of a House speaker refusing to put a debt-limit increase to a vote without steep spending cuts. 214
World Newspapers: A crisis last seen one century ago grips the US house
Thursday, 05 January 2023 20:43
The personal and political drama that is playing out on the US House floor as Representative Kevin McCarthy tries and fails repeatedly to become speaker has broader implications for the country, raising questions about what happens when one chamber of the legislative branch ceases to function. 214
World Newspapers: Attack kills dozens of Russian soldiers
Tuesday, 03 January 2023 20:34
Dozens of Russian soldiers were killed in a massive missile strike early on New Year’s Day in Ukraine’s Donetsk region, Moscow said, marking what could be one of the deadliest attacks on Russian forces since the start of the war. 214
World Newspapers: US workforce is feeling strain of retiree surge
Tuesday, 27 December 2022 21:25
There is a trend in the United States that is quietly reworking the fabric of the American labor force. A wave of baby boomers has recently aged past 65. Unlike older Americans who, in the decade after the Great Recession, delayed their retirements to earn a little bit of extra money and patch up tenuous finances, many today are leaving the job market and staying out. 214
World Newspapers: US has limits when it comes to Ukraine arms
Friday, 23 December 2022 21:15
President Volodymyr Zelensky’s triumphant visit to Washington ended with promises of billions more in US support for Ukraine, but not what he wanted most: American battle tanks, fighter jets and long-range precision missiles. 214
World Newspapers: Zelensky, Biden seek to rally support
Thursday, 22 December 2022 21:14
Ukrainian President Volodymyr Zelensky made a plea to US Congress on Wednesday for continued American support in its war with Russia, speaking about why Ukraine needed more aid and weapons to lawmakers whose ranks include some vocal skeptics of future reinforcements. 214
World Newspapers: House panel urges US to prosecute Trump
Tuesday, 20 December 2022 21:08
The US House committee investigating the Jan. 6 attack on the Capitol accused former President Donald J. Trump on Monday of inciting insurrection, conspiracy to defraud the United States, obstruction of an act of Congress and one other federal crime as it referred him to the Justice Department for potential prosecution. 214
World Newspapers: Bonanza for arms makers as US military budget surges
Sunday, 18 December 2022 21:15
The bipartisan support for a surge in Pentagon spending has set up another potential boom for weapons makers in the US that is likely to extend beyond the war in Ukraine. 214
World Newspapers: Big hospital chain's cuts ignited its staffing crisis
Friday, 16 December 2022 21:17
A New York Times investigation has found that US hospitals helped lay the groundwork for the labor crisis long before the arrival of the coronavirus. Looking to bolster their bottom lines, hospitals sought to wring more work out of fewer employees. When the pandemic swamped hospitals with critically ill patients, their lean staffing went from a financial strength to a glaring weakness. 214
World Newspapers: Fraud at cryptocurrency exchange FTX started early, charges claim
Wednesday, 14 December 2022 20:55
From the founding of his cryptocurrency exchange FTX in 2019, Sam Bankman-Fried engaged in widespread fraud, the federal authorities charged on Tuesday, and used his customers’ deposits to finance his political activities, buy lavish real estate and invest in other companies. 214
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