Days after the bipartisan deal on the debt limit became law, House Republicans proposed a slew of tax cuts, leading to charges of hypocrisy by Democrats in a squabble that shows clashing visions for the U.S. economy

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BEIJING Australia's Trade Minister arrived in Beijing On Thursday, where he will meet his Chinese counterpart, as Canberra

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Russian mercenary group Wagner will be declared a terrorist organisation and a draft order against the private militia will be laid in parliament on Wednesday, the Home Office said. Once cleared, the order will make it illegal to be a member of the group or to support it. The group, formerly led by now-dead Yevgeny Prigozhin, is known to carry out Russia’s dirty work in Syria and Africa, and has also handed Vladimir Putin Russia’s biggest victory of capturing Bakhmut against Ukraine in the continuing invasion. Assets belonging to Wagner, primarily consisting of contractors and prison convicts, will be declared as terrorist property and will be seized after the draft order is cleared. It will also render certain proscription offences punishable by up to 14 years in jail. Home secretary Suella Braverman called the group a “violent and destructive organisation which has acted as a military tool of Vladimir Putin’s Russia overseas”. “While Putin’s regime decides what to do with the monster it created, Wagner’s continuing destabilising activities only continue to serve the Kremlin’s political goals,” she said in a statement. “They are terrorists, plain and simple – and this proscription order makes that clear in UK law. Wagner has been involved in looting, torture and barbarous murders. Its operations in Ukraine, the Middle East and Africa are a threat to global security,” the home secretary said. “That is why we are proscribing this terrorist organisation and continuing to aid Ukraine wherever we can in its fight against Russia.” Once declared illegal, Wagner will join other organisations on the proscribed list like the Islamic State, al-Qaida and neo-Nazi group National Action. The Home Office said proscription of the group comes after consideration of the nature and scale of the organisation’s activities as well as the threat they pose to British nationals abroad. In May this year, a government source said the move to declare the group illegal was “imminent” and the administration was working on building a legal case. The push came after a government department reportedly helped its millionaire owner Prigozhin to circumvent UK sanctions to take a British journalist to court in 2021. The Treasury commissioned an internal review of its processes after it was reported that licences had been issued to allow lawyers to help Prigozhin launch legal action against a reporter of investigative website Bellingcat in the UK while the Russian oligarch was subjected to sanctions. As a result of the review, the department said the government was committed to “further targeted changes to the process for issuing legal fees licences that safeguard the sanctions regime against the risk of manipulation and ensure ministers are accountable for OFSI Office of Financial Sanctions Implementation) decision-making”. Wagner’s fate as Russia’s trusted brutal force in private capacity has been hanging by a thread after its leader Prigozhin was killed in a plane crash last month. The crash occurred exactly two months after Prigozhin mounted a short-lived armed rebellion against Russia’s military leadership, posing the biggest challenge to Mr Putin’s authority in his 23-year rule. Read More With its leader dead, can the Wagner group rise and ride again? Russians are convinced Wagner warlord Prigozhin is still alive as conspiracy spreads that Putin killed body double Kremlin says 'Deliberate wrongdoing' among possible causes of plane crash that killed Prigozhin The Kremlin says Putin is not planning to attend Wagner chief Prigozhin's burial White House says Kremlin has ‘long history’ of killing its opponents following Prigozhin death

Mike Pence was evasive when answering questions from a CBS reporter in a new interview touching upon Donald Trump’s indictment on charges related to the effort to overturn the 2020 election. The former vice president, whom Mr Trump’s team has spoken openly about cross-examining in the ex-president’s upcoming trial, has largely remained on Mr Trump’s side when it comes to the barrage of legal threats now facing him. But he has not reserved that same loyalty amid Mr Trump’s newest criminal charges, on which he refused to take a side. Speaking with Major Garrett, Mr Pence dodged questions about whether the prosecution of Mr Trump specifically was “politicised” — a charge the Trump team has levelled —while making those same gratuitious swipes at the Justice Department over unrelated issues, like the ongoing prosecution of Hunter Biden. “I don't want to prejudge this indictment. I don't know whether the government has the evidence beyond a reasonable doubt to support this case,” said the former vice president, who was at the very centre of the events now being examined for prosecution by the Department of Justice. He lashed out at the January 6 committee and its conclusion, which has largely been borne out in the Justice Department’s latest indictment. He also attacked the DoJ and vowed to “clean house” in 2025 if elected — while carefully limiting his criticisms to the now-shuttered Robert Mueller investigation and the GOP’s allegations that the department slow-walked and watered down the prosecution of President Joe Biden’s son, who was charged this year. In the interview, he also answered whether he’d take the stand against his former boss if called to do so, telling Garrett that he had no plans to voluntarily testify but would obey a subpoena. “I have no plans to testify, but people can be confident we’ll- we’ll obey the law,” he said. Mr Pence is currently polling in the mid to low single digits in the Republican primary race, and has seen little traction among a primary base that largely remains loyal to Mr Trump and largely refuses to accept the fact that the ex-vice president’s interference on Mr Trump’s behalf to overturn or stall the election’s certification would have been unconstitutional. He has faced angry questions from voters on that very issue at campaign stop after campaign stop, while Mr Trump continues to attack him and insist that he should have worked to stop an imaginary theft of the 2020 election. The former president remains atop the GOP primary field, the odds-on favourite to win the nomination as most of his competition languishes in single-digit or low double-digit polling territory. Read More Defiant Trump claims ‘we need one more indictment’ before 2024 race in first speech since federal charges Mike Pence heckled by Trump supporters at town hall after rolling out mocking merch Trump has been charged. But what about his past? Trump goes on kooky rant about how long it takes to wash his ‘gorgeous head of hair’ Pence, Trump attorney clash over what Trump told his VP ahead of Jan. 6, 2021 DeSantis steps up dire warning to GOP about distraction from Biden, amid Trump's latest indictment

For a fleeting moment this month, investment bankers in leveraged finance — the lucrative lending that oils the