
Gary Cohn, the former top economic adviser in the Trump White House and now vice chairman of IBM, discusses the strong January job numbers, the possibility of a recession in the first half of 2023 and the impact of failing to raise the debt ceiling.
Gary Cohn, the former top economic adviser in the Trump White House and now vice chairman of IBM, discusses the strong January job numbers, the possibility of a recession in the first half of 2023 and the impact of failing to raise the debt ceiling.
U.S. House of Representatives Speaker Kevin McCarthy accused President Joe Biden on Friday of not caring about the budget and debt ceiling enough to hold talks with House Republicans about their differences. "Unfortunately the President doesn't think it's important," McCarthy told reporters when asked about how talks on the debt ceiling were going. Biden and leading Democrats in Congress have urged McCarthy to unveil Republicans' plans for cutting spending, saying that further meetings before that happens would be fruitless.
WASHINGTON (Reuters) -U.S. House Republicans are working on a "term sheet" of conditions they would want Democrats to agree to before voting to raise the...
Congress is making no progress on how to avert a debt ceiling crisis, and the recent collapse of some banks has deepened the stalemate.