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Brazil Inflation Cools as Central Bank Commits to Rate Cuts
Brazil Inflation Cools as Central Bank Commits to Rate Cuts
Brazil’s annual inflation slowed roughly in line with expectations in early November, approaching the target range as central
2023-11-28 20:51
Biden intervenes to try to break US debt ceiling deadlock
Biden intervenes to try to break US debt ceiling deadlock
President Joe Biden was intervening personally Sunday to try and break the US debt ceiling deadlock with a call to the top Republican leader before the clock ticks...
2023-05-21 11:22
Australia mushroom deaths accidental, says cook
Australia mushroom deaths accidental, says cook
Erin Patterson tells police she is devastated and had no reason to harm her ex-husband's relatives.
2023-08-14 18:28
Sudanese pin hopes on Jeddah talks between warring factions
Sudanese pin hopes on Jeddah talks between warring factions
KHARTOUM (Reuters) -Sudanese are pinning their hopes on talks in Saudi Arabia between envoys of warring factions to end bloodshed
2023-05-08 22:56
Biden expected to sign budget deal to raise debt ceiling
Biden expected to sign budget deal to raise debt ceiling
President Joe Biden is expected to sign legislation on Saturday to raise the debt ceiling, just two days before the U.S. Treasury warned that the country would struggle to pay its bills. The bipartisan measure, which was approved this week by the House and Senate, eliminates the potential for an unprecedented government default. “Passing this budget agreement was critical. The stakes could not have been higher," Biden said from the Oval Office on Friday evening. “Nothing would have been more catastrophic,” he said, than defaulting on the country's debt. The agreement was hashed out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their demanded federal spending cuts but holding the line on major Democratic priorities. It raises the debt limit until 2025 — after the 2024 presidential election — and gives legislators budget targets for the next two years in hopes of assuring fiscal stability as the political season heats up. “No one got everything they wanted but the American people got what they needed,” Biden said, highlighting the “compromise and consensus” in the deal. “We averted an economic crisis and an economic collapse.” Biden used the opportunity to itemize the achievements of his first term as he runs for reelection, including support for high-tech manufacturing, infrastructure investments and financial incentives for fighting climate change. He also highlighted ways he blunted Republican efforts to roll back his agenda and achieve deeper cuts. “We’re cutting spending and bringing deficits down at the same time,” Biden said. “We're protecting important priorities from Social Security to Medicare to Medicaid to veterans to our transformational investments in infrastructure and clean energy.” Even as he pledged to continue working with Republicans, Biden also drew contrasts with the opposing party, particularly when it comes to raising taxes on the wealthy, something the Democratic president has sought. It’s something he suggested may need to wait until a second term. “I’m going to be coming back,” he said. “With your help, I’m going to win.” Biden's remarks were the most detailed comments from the Democratic president on the compromise he and his staff negotiated. He largely remained quiet publicly during the high-stakes talks, a decision that frustrated some members of his party but was intended to give space for both sides to reach a deal and for lawmakers to vote it to his desk. Biden praised McCarthy and his negotiators for operating in good faith, and all congressional leaders for ensuring swift passage of the legislation. “They acted responsibly, and put the good of the country ahead of politics,” he said. Overall, the 99-page bill restricts spending for the next two years and changes some policies, including imposing new work requirements for older Americans receiving food aid and greenlighting an Appalachian natural gas pipeline that many Democrats oppose. Some environmental rules were modified to help streamline approvals for infrastructure and energy projects — a move long sought by moderates in Congress. The Congressional Budget Office estimates it could actually expand total eligibility for federal food assistance, with the elimination of work requirements for veterans, homeless people and young people leaving foster care. The legislation also bolsters funds for defense and veterans, cuts back some new money for the Internal Revenue Service and rejects Biden’s call to roll back Trump-era tax breaks on corporations and the wealthy to help cover the nation’s deficits. But the White House said the IRS' plans to step up enforcement of tax laws for high-income earners and corporations would continue. The agreement imposes an automatic overall 1% cut to spending programs if Congress fails to approve its annual spending bills — a measure designed to pressure lawmakers of both parties to reach consensus before the end of the fiscal year in September. In both chambers, more Democrats backed the legislation than Republicans, but both parties were critical to its passage. In the Senate the tally was 63-36 including 46 Democrats and independents and 17 Republicans in favor, 31 Republicans along with four Democrats and one independent who caucuses with the Democrats opposed. The vote in the House was 314-117. ___ AP Congressional Correspondent Lisa Mascaro contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide FBI offers to show GOP chairman document that purports to relate to Biden, his family Republicans schedule 1st presidential debate for Aug. 23, but there's no guarantee Trump will attend DeSantis wraps up 1st early states tour as candidate with more personal touch in South Carolina
2023-06-03 12:18
Olivia Dunne recreates Greta Gerwig's 'Barbie' on TikTok and shows off her lip sync skills, prompting fans to remark, 'Drop the next tape'
Olivia Dunne recreates Greta Gerwig's 'Barbie' on TikTok and shows off her lip sync skills, prompting fans to remark, 'Drop the next tape'
Olivia portrayed Ken, while Eugenio portrayed a Barbie with a twisted and funny voice
2023-07-22 15:49
Has Janet Yellen's trip to Beijing improved US-China relations?
Has Janet Yellen's trip to Beijing improved US-China relations?
Polite and respectful communication has returned - but progress could easily be knocked back.
2023-07-09 23:27
Biden heading to Hawaii to view damage, meet survivors
Biden heading to Hawaii to view damage, meet survivors
President Joe Biden was heading to Hawaii on Monday to view the widespread damage from the recent Maui wildfires, meet with survivors and fend off political criticism that his government was...
2023-08-21 09:51
Nikki Haley Poaches Donors From Republican Rivals
Nikki Haley Poaches Donors From Republican Rivals
Former United Nations Ambassador Nikki Haley is poaching donors from her Republican competitors, fueling a surge in her
2023-11-14 00:55
Voting fraud claims spread ahead of Spanish election
Voting fraud claims spread ahead of Spanish election
Claims of vote rigging and election fraud are spreading in Spain ahead of that nation's pivotal election on Sunday
2023-07-19 12:18
Danny Masterson's rape retrial: Closing arguments set to begin
Danny Masterson's rape retrial: Closing arguments set to begin
Closing arguments are expected to begin Tuesday at the second rape trial of “That ’70s Show” actor Danny Masterson
2023-05-16 12:59
Infighting among Putin’s lieutenants reveals signs of ‘deep dysfunction’
Infighting among Putin’s lieutenants reveals signs of ‘deep dysfunction’
The video was shocking — not just for what it showed but also for what was said. Yevgeny Prigozhin, the outspoken millionaire head of the private military contractor Wagner, stood in front of the bloodied bodies of his slain troops in Ukraine and yelled expletive-riddled insults at Russian military leaders, blaming them for the carnage. “They came here as volunteers and they died to let you lounge in your red wood offices,” Prigozhin shouted. “You are sitting in your expensive clubs, your children are enjoying good living and filming videos on YouTube. Those who don’t give us ammunition will be eaten alive in hell!” It was a disquieting display for Russians used to more than two decades of rigidly controlled rule by President Vladimir Putin — years with little sign of infighting among his top lieutenants. Prigozhin's video in May and his other rants against the military leadership have been met with silence from Putin, as well as the brass. Some see Putin's failure to squelch the infighting as a sign of potential shifts in Russia’s political scene that set the stage for more internal battles. Prigozhin's rift with the military has been ignored by state-controlled TV, where most Russians get their news, although it is followed closely by the politically active, ultrapatriotic readers and viewers on social media networks, which share his contempt for military leaders. While there are no indications that Putin is losing influence, “there are growing signs of deep dysfunction, anxiety, worry about the war and real problems in marshaling the resources necessary to fight it effectively,” said Nigel Gould-Davies, a senior fellow for Russia and Eurasia at the International Institute for Strategic Studies and the editor of its Strategic Survey. Prigozhin’s feud with military leaders goes back years, and it spilled into the open amid the fighting for the eastern Ukrainian city of Bakhmut that was spearheaded by his mercenaries. It has pushed the 62-year-old Wagner owner, dubbed “Putin's chef” for his lucrative Kremlin catering contracts, to the forefront of Russian politics and signaled his growing ambitions. He scathingly criticized Defense Minister Sergei Shoigu and the chief of the General Staff Gen. Valery Gerasimov, as weak and incompetent in mocking statements full of vulgar language. At one point, he even alleged the army planted mines on the route his fighters planned to use and opened fire at them. With his crude remarks, Prigozhin ventured into territory where only Putin had gone before: Over the years, the Russian leader occasionally broke decorum with an earthy remark or off-color joke, while top officials used carefully worded language. In a later video, Prigozhin made a statement that some have interpreted as a thinly veiled attack on Putin himself. He declared that while his men were dying due to the Defense Ministry’s failure to supply ammunition, a “happy granddad is thinking he’s doing well,” and then referred to that “granddad” with an obscenity. The blunt comment caused a social media uproar, where it was broadly seen as a reference to Putin. Prigozhin later said he was talking about Gerasimov. “Prigozhin is now sailing much closer to the wind than he ever has,” Gould-Davies told The Associated Press. Sergei Markov, a pro-Kremlin political commentator, described Prigozhin as “the second-most popular man after Putin” and a “symbol of Russia’s military victory for millions of people.” Putin needs Prigozhin's mercenaries at a time when the regular military is still recovering from setbacks earlier in the invasion. The Wagner chief's position was bolstered after the private army captured Bakhmut last month in the war’s longest and bloodiest battle, relying on tens of thousands of convicts who were promised pardons if they survived six months of fighting. “Putin dominates the system, but he still sort of depends upon a small number of big people to implement his will, to provide him with resources to carry out his orders, including fighting the war,” Gould-Davies told AP. While Putin may adhere to keeping various factions divided and then intervening to “decide who wins and who loses, and who’s up and who’s down,” the process erodes the government's authority in wartime, Gould-Davies said. “That may be a way of keeping the political system going, but it’s certainly not the way to fight the war, because if your military forces are divided and if they’re not fighting together effectively, then your military operations will suffer accordingly and that’s exactly what’s happening here,” he said. Mark Galeotti, a London-based expert on Russian politics and security, noted the infighting was continuing even as Ukraine is in the early stages of its long-expected counteroffensive — "a point when really everyone should have one single common goal.” In a recent podcast, he speculated that Putin’s failure to resolve political disputes could be rooted in a lack of interest, a focus on other issues or, more likely, a reluctance to take sides. “It also raises questions about his overall capacity to do his job,” Galeotti said. “This is the one thing, the one job he can’t really outsource, and he’s not even trying.” The lack of response from military leaders to Prigozhin’s insults appeared to indicate they weren’t sure if Putin was on their side. St. Petersburg regional Gov. Alexander Beglov was another recent Prigozhin target, following their long-standing conflict rooted in Beglov’s reluctance to award lucrative contracts to Prigozhin’s companies. Just like the military leaders, Beglov has not responded. Prigozhin has allied with other hawkish officials, reportedly including Tula Gov. Alexei Dyumin, a former Putin bodyguard seen by many as a potential successor. The Wagner head also gravitated for some time toward Ramzan Kadyrov, the Moscow-backed regional leader of Chechnya. While denouncing most senior military leaders, Prigozhin spoke approvingly about Gen. Sergei Surovikin, who led Russian forces in Ukraine for several months before Putin appointed Gerasimov to oversee the operations. But some of those alliances have been shaky. While Kadyrov initially praised Prigozhin and backed some of his criticism of the military leaders, he later shifted course and criticized him for sounding defeatist. Kadyrov’s lieutenants went further, blasting Wagner's efforts in Bakhmut after Prigozhin made dismissive comments about Chechen fighters in Ukraine. Kadyrov’s right-hand man, Magomed Daudov, bluntly said Prigozhin would have been executed for such statements during World War II. Prigozhin quickly backed off, saying he was only expressing concern about Russian operations. Prigozhin has dodged questions about his ambitions, but in a move that reflected his desire to gain political clout, he recently toured Russia, continuing a barrage of blustery comments. “There are signs that he seeks some sort of political future,” Gould-Davies observed. Even though Prigozhin owes his position and wealth to Putin, he's playing the role of outsider with his criticism of some leaders and by trying to appeal to the masses amid setbacks in Ukraine, said Andrei Kolesnikov of the Carnegie Endowment. “He is posturing as an enemy of the elites, even though he is a product of Putin’s system, the embodiment of his regime and state contracts,” Kolesnikov said. “Prigozhin is playing an independent politician, raising the stakes and testing the system’s limits. But it’s only technically and physically possible for as long as Putin finds him useful and is amused by his escapades.” In a show of support for the military, Putin backed the Defense Ministry’s demand for all private companies to sign contracts with it — something Prigozhin has refused to do. And in another sign Putin's administration may finally be cutting Prigozhin down to size, messaging app channels connected to the Kremlin carried photos of his partying children, including a daughter in Dubai, in apparent retaliation for Prigozhin’s attacks on the defense minister’s daughter. Prigozhin has urged all-out war with Ukraine, including a total nationwide mobilization and the introduction of martial law in Russia — calls welcomed by some hawks. But Kolesnikov notes that the vast majority of Russians who are mostly apathetic or unwilling to make larger sacrifices could be frightened and appalled by that message. He cautions against overestimating Prigozhin’s clout and political prospects, and underestimating Putin's authority. "It’s enough for the commander-in-chief to move his finger to make the Wagner chief disappear,” Kolesnikov said. ___ Associated Press writer Danica Kirka in London contributed. ___ Follow AP's coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine-war Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Live Updates | Armed rebellion by Russian mercenary chief Furious Putin calls Wagner mutiny ‘treason’ and ‘mortal blow’ to troops –live Mapped: Inside Russian Wagner group’s road towards Moscow
2023-06-24 18:19