(Adds quote in paragraph 2)
WASHINGTON, April 17 (Reuters) – There are no plans for a U.S. government evacuation from Sudan at this time but Americans should treat the volatile situation in the African country with utmost seriousness, White House national security spokesperson John Kirby said on Monday.
"We urge American citizens in Sudan to treat this situation with the utmost seriousness," Kirby said in a briefing with reporters.
He cited a State Department security alert for Sudan on Sunday that said there were no plans for a U.S. government-coordinated evacuation at this time because of the uncertain security situation in Khartoum and the closure of the airport.
"We expect that will remain the case," Kirby added. (Reporting by Steve Holland and Doina Chiacu; Editing by Franklin Paul and Lisa Shumaker)
(Bloomberg) — House Speaker Kevin McCarthy told a Wall Street audience on Monday that the US House will vote in coming weeks on a plan to lift the nation’s borrowing limit, but not without new curbs on spending.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingA $300,000 Salary Feels Like $100,000 in The Priciest US CitiesOnly 10 Electric Vehicles Qualify for Full $7,500 US Tax CreditApple, Goldman Sachs Debut Savings Account With 4.15% Annual Yiel
The company says state officials previously reviewed its comprehensive plan for development near Orlando.
(Reuters) -Florida Governor Ron DeSantis on Monday fired another shot in his battle with Walt Disney Co, saying the state's Republican legislature would take steps to nullify the company's effort to circumvent state oversight of Walt Disney World. DeSantis, a likely Republican presidential candidate who has made attacking "woke Disney" a common theme, said the legislature would revoke a development agreement Disney struck with outgoing members of an oversight board.
(Bloomberg) — One of Justin Trudeau’s senior cabinet ministers said Canada is monitoring Glencore Plc’s attempted takeover of Teck Resources Ltd., pointing out the country benefits from having major companies headquartered domestically.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingA $300,000 Salary Feels Like $100,000 in The Priciest US CitiesOnly 10 Electric Vehicles Qualify for Full $7,500 US Tax CreditApple, Goldman Sachs Debut Savings Accou
The U.S. Treasury said on Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo Cars electric vehicles will lose access to a $7,500 tax credit under new rules for battery sourcing. The Treasury said the new requirements effective on Tuesday will also cut by half credits for the Tesla Inc Model 3 Standard Range Rear Wheel Drive to $3,750 but that other Tesla models will retain the full $7,500 credit.
"Recession is foretold as central banks try to bring inflation back down to policy targets," BlackRock said.
Filing tax returns can be a slog, but the majority of individual federal taxes are paid by a small slice of Americans.
Russia's economy is suffering from Western sanctions imposed after the Ukraine invasion – and new measures from the EU are looming.
(Bloomberg) — The question of when the US could default will come into sharp relief this week when the Treasury reveals how big its tax take is likely to be.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingA $300,000 Salary Feels Like $100,000 in The Priciest US CitiesOnly 10 Electric Vehicles Qualify for Full $7,500 US Tax CreditApple, Goldman Sachs Debut Savings Account With 4.15% Annual YieldBud Light Kicked a Hornet’s Nest and Ran AwayWith the
Last month's bank crisis could be a "substitute" for further interest rate hikes by the Fed that might trigger a recession.
(Bloomberg) — Kojima Industries Corp. is a small company and little-known outside Japan, where it produces cup holders, USB sockets and door pockets for car interiors. But its modest role in the automotive supply chain is a critical one. And when the company was hacked in February 2022, it brought Toyota Motor Corp.’s entire production line to a screeching stop. Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingA $300,000 Salary Feels Like $100,000
There is a growing chance Washington “will bumble into the first default in our nation’s history,” the Republican said.
Rupert Murdoch has entered 11th hour settlement talks in a last-ditch effort to avoid taking the stand in a $1.6bn defamation lawsuit.
Congress uses the tax system as a tool to achieve economic and social goals and then relies on the IRS to execute those plans.
House Speaker Kevin McCarthy pledged Monday to pass legislation to raise the nation's debt ceiling — but only on condition of capping future federal spending increases at 1% — as he lashed out at President Joe Biden for refusing to engage in budget-cutting negotiations to prevent a debt crisis. In a high-profile speech at the New York Stock Exchange, McCarthy, the Republican leader who was marking his 100th day as speaker, said the nation’s debt load is a “ticking time bomb” and Biden is “missing in action” as the deadline nears to raise the debt limit.
(Bloomberg) — The US ambassador to Russia visited detained Wall Street Journal reporter Evan Gershkovich in a Russian prison, more than 2 1/2 weeks since his arrest on spying charges, the US Embassy in Moscow said.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingA $300,000 Salary Feels Like $100,000 in The Priciest US CitiesOnly 10 Electric Vehicles Qualify for Full $7,500 US Tax CreditApple, Goldman Sachs Debut Savings Account With 4.15% Annual Y
Last year, 19 million taxpayers requested an extension to file.
Slovakia became the third European Union country to ban food imports from Ukraine on Monday, deepening the challenge for the bloc as it works to help Ukraine transport its grain to world markets. Slovakia followed Poland and Hungary, both of which announced bans Saturday on Ukrainian food imports through June 30.
The Asia Internet Coalition, an influential industry organization representing technology giants such as Facebook, Twitter, Google, Apple and Amazon, has voiced concerns over a recent amendment to India's IT rules, saying the changes grant the local government expansive content removal authority without implementing adequate procedural safeguards. India recently updated its IT rules, barring social media platforms such as Facebook and Twitter from publishing, sharing or hosting false or misleading information about the government's business affairs.
WASHINGTON (Reuters) -U.S. House of Representatives Speaker Kevin McCarthy on Monday outlined spending cuts he said his fellow Republicans would demand in exchange for voting to raise the federal government's $31.4 trillion debt ceiling, avoiding a potentially catastrophic default. His proposals included cutting spending to last year's levels, capping growth at 1% per year and reversing some of President Joe Biden's policy goals, ideas that Republicans, who control the House, have been floating for weeks that have been rejected by Democrats, who control the Senate and White House. McCarthy sketched out his ideas in a speech to the New York Stock Exchange as the government ticks closer to the moment sometime this summer when it will no longer be able to meet its financial obligations.