The United States and its allies froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow’s invasion of Ukraine. More than two-thirds of the funds are located in the EU
GM warned that 2,000 UAW-represented workers at an assembly plant in Kansas City are ‘expected to be idled as soon as early this week’ because of a shortage of supplies from another plant near St. Louis, where workers walked off on Friday
Vietnam has quickly become a major export production hub for global manufacturers like South Korea’s LG and Samsung Electronics, suppliers to Apple, Inc. and auto makers like Honda and Toyota
Yellen is one of a series of U.S. officials who are due to visit Beijing as part of efforts to revive relations that are at their lowest level in decades
Beijing has placed export controls on two critical minerals for making semiconductors and introduced a law that places the Communist Party at the center of foreign policy
Negotiators from both sides made clear, publicly and privately, that it was the biggest area of disagreement and almost led to the talks breaking down several times
The White House announced the signing, done in private, in an emailed statement in which the President thanked congressional leaders for their partnership
Americans and the world are watching with concern the negotiating brinkmanship that could throw the U.S. economy into chaos and sap world confidence in the nation’s leadership
The Treasury Secretary’s comments come as Congress breaks for the three-day Memorial Day weekend, and as tensions build over whether a deal between the White House and Republicans in Congress will be struck in time
The rating agency Fitch has put the nation’s credit on ‘Rating Watch Negative,’ which amounts to a warning that it might downgrade the nations’ credit as a result of the debt ceiling impasse
Republicans are insisting on spending cuts in exchange for raising the debt limit, while Biden says the GOP lawmakers will have to back off their “extreme positions”