President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis

President Ali Bongo is under house arrest after being ousted by the army after a disputed election.

The 1945 bombing of Hiroshima is a big reason leaders from the world’s most powerful democracies descended on the city for this weekend’s Group of Seven summit

Automaker Stellantis says that the autoworkers strike in North America is expected to cost the company around 750 million euros ($795 million) in profits — less than its North American competitors

A right-wing revolt has left Congress unable to fund federal agencies before a Saturday midnight deadline.

California Gov. Gavin Newsom has vetoed a bill aimed at limiting the price of insulin

US Ambassador Kathleen FitzGibbon arrived in Niger on Saturday, the State Department announced, taking up her post as the United States and partners continue to grapple with the military takeover in that country.

Donald Trump has praised the life of Christian televangelist Pat Robertson, even though he once said that the former president was living in an “alternate reality.” Robertson died at the age of 93 at his home in Virginia Beach, Virginia, on Thursday morning, according to the Christian Broadcasting Network (CBN). The conservative broadcaster himself ran unsuccessfully ran for president in 1988, finishing behind behind both George HW Bush and Bob Dole. “Today the World lost an incredible and powerful Voice for Faith and Freedom. Pat Robertson showed us that Belief in God produces results that can change the course of History,” wrote Mr Trump on his Truth Social platform. “Pat’s legacy lives on in the many endeavors and lives that he touched. He will be greatly missed. Our hearts and prayers are with his Family!” Mr Robertson predicted that Mr Trump would beat Joe Biden for the White House in 2020, but then criticised him when he refused to accept his defeat. He made his “alternate reality” comment in an interview with CBN as Mr Trump filed a desperate and unsuccessful Supreme Court challenge to Mr Biden’s win in December 2020. “You’ve had your day and it’s time to move on,” Mr Robertson said of Mr Trump. “I had prayed and hoped that there might be some better solution, but I don’t think … I think it’s all over.” Mr Robertson also incorrectly predicted that vice president Kamala Harris would take over from Mr Biden “not too long after the inauguration.” Regent University in Virginia, which Robertson founded, also released a statement saying it was mourning his loss. “We are deeply saddened by the loss of our beloved founder,” said Regent University executive vice president for academic affairs William Hathaway. “Dr Robertson was a globally-renowned leader, broadcaster, philanthropist, educator, author, accomplished businessman, and – most importantly – a faithful servant of God who dedicated his life to glorifying the Lord and sharing the gospel of Jesus Christ.” Read More Trump in ‘alternate reality’, says televangelist Pat Robertson, as he advises president against 2024 run Trump news – live: Grand jury indictment looms as Trump protests innocence over classified documents Trump knew how to correctly declassify documents, White House official tells prosecutors Why was Tucker Carlson fired from Fox News? Chris Christie hits back at Trump’s mockery over his weight: ‘He’s such a spoiled baby’ ‘Small, pathetic man’: Inside the bitter rivalry between Ron DeSantis and Gavin Newsom

A former fundraiser for US Representative George Santos pleaded guilty to wire fraud related to campaign donations, increasing

Two people with Swedish nationality were shot dead in central Brussels on Monday evening, according to Belgian public broadcaster VRT.

At least 21 people were killed, including two children, when a passenger bus plunged from a bridge in Mestre, Italy, near Venice on Tuesday, in what has been described as an "apocalyptic scene."

G20 finance ministers and central bank chiefs opened talks on Monday discussing debt restructuring deals, multilateral bank reform and finance to tackle climate change, aiming...