U.S. House Democrats elect Hakeem Jeffries as first Black party leader

U.S. House Democrats elect Hakeem Jeffries as first Black party leader

WASHINGTON, Nov 30 (Reuters) – Hakeem Jeffries was unanimously elected on Wednesday to become the Democratic Party’s top leader in the U.S. House of Representatives beginning in January, making him the first Black American to hold such a high-ranking position in Congress. The vote by Jeffries’ fellow Democrats also marked the rise of a younger … Read more

U.S. Senate passes same-sex marriage protection bill

U.S. Senate passes same-sex marriage protection bill

WASHINGTON, Nov 29 (Reuters) – The U.S. Senate passed a bill on Tuesday that would protect federal recognition of same-sex marriage, a measure taken up in response to worries the Supreme Court could overturn a 2015 decision that legalized it nationwide. The narrowly tailored bill, which would require the federal government to recognize a marriage … Read more

U.S. bans Huawei, ZTE equipment sales citing national security risk

U.S. bans Huawei, ZTE equipment sales citing national security risk

Nov 25 (Reuters) – The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose “an unacceptable risk” to U.S. national security. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of equipment … Read more

S&P 500, Nasdaq pare losses as investors digest Fed comments

S&P 500, Nasdaq pare losses as investors digest Fed comments

Fed’s Brainard signals slower rate hikes ahead Tech and growth stocks off session lows Biogen, Lilly rise on Roche’s Alzheimer’s drug failure Indexes: Dow up 0.31%, S&P flat, Nasdaq down 0.36% Nov 14 (Reuters) – The S&P 500 and the tech-heavy Nasdaq pared losses on Monday as comments from U.S. Federal Reserve Vice Chair Lael … Read more

IMF says global economic outlook getting ‘gloomier’, risks abound

IMF says global economic outlook getting ‘gloomier’, risks abound

WASHINGTON, Nov 13 (Reuters) – The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months. It blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, … Read more

Democrats retain grip on U.S. Senate, defying ‘red wave’

Democrats retain grip on U.S. Senate, defying ‘red wave’

PHOENIX, Nov 13 (Reuters) – Democrats held onto control of the U.S. Senate while limiting projected losses in the House, handing a major victory to President Joe Biden and extinguishing hopes of the “red wave” that Republicans had expected leading into the midterm elections. Democratic leaders described the outcome – sealed late Saturday with a … Read more

Democrats await Nevada election result that could seal their U.S. Senate majority

Democrats await Nevada election result that could seal their U.S. Senate majority

PHOENIX, Nov 12 (Reuters) – Democrats on Saturday were one seat away from majority control of the U.S. Senate next year, as vote-counting in deeply divided Nevada continued following Tuesday’s midterm elections and campaigning kicked off for a Dec. 6 runoff in Georgia. If incumbent Democratic Senator Catherine Cortez Masto manages to fend off Republican … Read more

Uncounted votes in Arizona and Nevada could determine U.S. Senate control

Uncounted votes in Arizona and Nevada could determine U.S. Senate control

Senate control still undecided Vote count could take days Republicans move closer to control of House Biden says hope “still alive” PHOENIX, Nov 11 (Reuters) – Arizona and Nevada election workers were toiling on Friday to tally hundreds of thousands of uncounted ballots that could determine control of the U.S. Senate, a process officials in … Read more

Obama warns ‘more people are going to get hurt’ if political climate persists

Obama warns ‘more people are going to get hurt’ if political climate persists

Nov 1 (Reuters) – Democratic former President Barack Obama on Tuesday warned that “more people are going to get hurt” unless the U.S. political climate changes, after the husband of the Speaker of the House was attacked by a man wielding a hammer. A 42-year-old man has been charged with breaking into the home of … Read more

U.S. Chief Justice Roberts pauses fight over Trump tax returns

U.S. Chief Justice Roberts pauses fight over Trump tax returns

WASHINGTON, Nov 1 (Reuters) – U.S. Chief Justice John Roberts on Tuesday temporarily blocked a U.S. House of Representatives committee from gaining access to former President Donald Trump’s tax returns, effectively pausing the fight over a request from lawmakers that he claims is politically motivated. The order from the chief justice maintains the status quo … Read more