U.S. Treasury primary dealers want Congress to scrap the federal debt ceiling, warning in new TBAC minutes that the limit lifts borrowing costs, fuels market turmoil and could weaken the dollar’s reserve-currency standing.
Minutes from this week’s Treasury Borrowing Advisory Committee meeting show that the U.S. Treasury’s primary dealers favor abolishing the federal debt ceiling, arguing it drives up borrowing costs, heightens market volatility, and could undermine the dollar’s reserve-currency standing. The committee said its ideal outcome would be for Congress to give the administration broad authority to borrow whatever is needed to meet government obligations.
The Pakistan army said on Saturday that it stopped a major terrorist attack near the Afghan border, killing three militants in an operation in North W...
U.S. President Donald Trump has issued a 48-hour ultimatum to Hamas, demanding the immediate return of deceased hostages, including two American citiz...
Israeli forces conducted a "targeted strike" on an individual in central Gaza on Saturday, claiming the person was planning an attack on Israeli troop...
The United States has increased tariffs on Canadian goods by 10% following accusations that Canada aired a misleading advertisement using edited foota...
Catherine Connolly, a veteran lawmaker known for her far-left political stance, was elected President of Ireland on Saturday with a commanding victory...
The Pakistan army said on Saturday that it stopped a major terrorist attack near the Afghan border, killing three militants in an operation in North Waziristan, Khyber Pakhtunkhwa province.
U.S. President Donald Trump has issued a 48-hour ultimatum to Hamas, demanding the immediate return of deceased hostages, including two American citizens, warning that failure to comply will affect future negotiations.
Israeli forces conducted a "targeted strike" on an individual in central Gaza on Saturday, claiming the person was planning an attack on Israeli troops, according to the Israeli military.
The United States has increased tariffs on Canadian goods by 10% following accusations that Canada aired a misleading advertisement using edited footage of former U.S. President Ronald Reagan.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Malawi’s President Arthur Peter Mutharika has declared a state of emergency in 11 districts following severe drought conditions that have left millions at risk of hunger.
U.S. Secretary of State Marco Rubio said on Saturday that Washington’s sanctions against Colombian President Gustavo Petro were not intended to harm the country’s citizens or its economy.
The Trump administration has prepared a new round of sanctions targeting key sectors of Russia’s economy if President Vladimir Putin continues to delay efforts to end Moscow’s war in Ukraine, according to U.S. and diplomatic sources familiar with the matter.
Tens of thousands of people took to the streets in Valencia on Saturday, demanding the resignation of conservative regional leader Carlos Mazon over his handling of the flash floods that killed 229 people nearly a year ago.
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