Britain’s new leader Liz Truss finalizes huge electricity subsidy plan

Join now for FREE unlimited access to Reuters.com Register Truss will announce an energy support plan on Thursday The new Prime Minister rules out the exceptional tax on electricity companies Pound falls to lowest since 1985 against US dollar Kwarteng says borrowing will be higher BoE says support for energy could help calm inflation LONDON, … Read more

UK weighs in on huge package of support as Europe battles energy crisis

Manuela Schwesig, Premier of the State of Mecklenburg-Western Pomerania, and Markus Soeder, Premier of the State of Bavaria, visit a pipeline transfer station of the Baltic Sea Pipeline Link near Lubmin, Germany , August 30, 2022. REUTERS / Lisi Niesner Join now for FREE unlimited access to Reuters.com Register UK to freeze energy bills for … Read more

Central banks will not be able to control inflation without better fiscal policy, study finds

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo Join now for FREE unlimited access to Reuters.com Register JACKSON HOLE, Wyo., Aug 27 (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless governments … Read more

Biden Forgives Millions in Student Loans; critics fear inflation

WASHINGTON, Aug 24 (Reuters) – President Joe Biden said on Wednesday the U.S. government would forgive $10,000 in student loans to millions of indebted former students, fulfilling a promise he made during the 2020 campaign to the White House. The move could bolster support for his fellow Democrats in November’s congressional elections, but some economists … Read more

Biden announces $3 billion military aid package for Ukraine on Independence Day

FILE PHOTO: U.S. President Joe Biden in the East Room of the White House, in Washington, U.S. August 9, 2022. REUTERS/Evelyn Hockstein/File Photo/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 24 (Reuters) – U.S. President Joe Biden marked Ukraine’s Independence Day on Wednesday with $3 billion in security aid, Washington’s … Read more

US to announce $3 billion in new military aid to Ukraine

WASHINGTON, Aug 23 (Reuters) – The United States will announce a new security assistance package for Ukraine worth about $3 billion as early as Wednesday, a U.S. official said on Tuesday, in what would be the biggest slice in Kyiv since the Russian invasion six. months ago. The package is being prepared to coincide with … Read more

US to send Ukraine $5.5 billion in new budget and military aid

The national flags of Ukraine and the United States fly in the grounds of a police training base outside kyiv, Ukraine May 6, 2016. Picture taken May 6, 2016. REUTERS/ Valentin Ogirenko Join now for FREE unlimited access to Reuters.com Register Aug 8 (Reuters) – The United States will send an additional $5.5 billion in … Read more

US Senate approves bill to fight climate change and cut drug costs in favor of Biden

WASHINGTON, Aug 7 (Reuters) – The U.S. Senate on Sunday passed a sweeping $430 billion bill to tackle climate change, cut drug prices and raise some corporate taxes, a major victory for President Joe Biden whom Democrats hope to bolster their chances of retaining. control of Congress in this year’s elections. After a marathon 27-hour … Read more

US Senate Democrats advance $430 billion on climate and drugs

WASHINGTON, Aug 6 (Reuters) – U.S. Senate Democrats pushed ahead on Saturday on a bill addressing key items on President Joe Biden’s agenda – tackling climate change, cutting the cost of energy and medicine for the elderly and forcing certain corporations and wealthy Americans to pay more taxes. In a key first test of Democrats’ … Read more