Montana is banning TikTok. But can the state enforce the law and fend off lawsuits?
TikTok is challenging Montana’s first-of-its kind law that makes it illegal for people to use the social media app in the state
2023-05-23 07:25
Biden ‘optimistic’ as McCarthy arrives for last-ditch debt talks
President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis
2023-05-23 06:59
Faraday Future Kicks Off Nine-Day Countdown Campaign as it Approaches the FF 91 Final Launch & Faraday Future 2.0 Event on May 30, 2023
LOS ANGELES--(BUSINESS WIRE)--May 22, 2023--
2023-05-23 06:53
U.S. fines LATAM Airlines $1 million over delayed ticket refunds
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) said on Monday it had fined LATAM Airlines Group SA
2023-05-23 06:52
Analysis-China's Micron ban highlights chipmakers' dilemma as Sino-U.S. tensions grow
By Joyce Lee SEOUL (Reuters) -China's ban on the use of U.S.-based Micron Technology's chips in certain sectors, announced on
2023-05-23 06:51
Asia Stock Futures Edge Up in Shadow of Debt Talks: Markets Wrap
Asian equity futures showed small gains while contracts for US benchmarks inched higher as investors awaited word from
2023-05-23 06:25
Fact Check: Sen. Tim Scott's presidential announcement speech
Sen. Tim Scott announced he's running for the Republican nomination for president on Monday, setting up a challenge to former President Donald Trump, the current frontrunner.
2023-05-23 06:24
Florida sued over law blocking Chinese citizens, other foreigners from buying property
A group of Chinese citizens living and working in Florida is suing the state over a new law that bans Chinese nationals from purchasing property in large swaths of the state
2023-05-23 05:58
Marketmind: PMIs could knock stocks off highs
By Jamie McGeever A look at the day ahead in Asian markets from Jamie McGeever. Creeping optimism that
2023-05-23 05:57
Standard General’s Tegna Takeover Dies After Money Goes
Tegna Inc. on Monday terminated its proposed acquisition by hedge fund Standard General LP, delivering the final blow
2023-05-23 05:56
TikTok files lawsuit to overturn Montana's 1st-in-nation ban on the video sharing app
Social media company TikTok has filed a lawsuit to overturn Montana’s first-in-the-nation ban on the video sharing app
2023-05-23 05:53
Supreme Court won't hear dispute over California law barring sale of foie gras
The Supreme Court says it won’t get involved in a dispute over a California animal cruelty law that bars foie gras from being sold in the state
2023-05-23 05:53