By David Morgan WASHINGTON (Reuters) -President Donald Trump’s sweeping tax-cut and spending bill would lead to a larger-than-expected $2.8 trillion increase in the federal deficit over the decade, despite a boost to U.S. economic output, the nonpartisan Congressional Budget Office projected on Tuesday. The budget watchdog’s dynamic analysis of the legislation, which passed the House…
By Richard Cowan WASHINGTON (Reuters) -U.S. senators on Tuesday demanded tighter security in the wake of last weekend’s assassination of a Minnesota state legislator and threats against members of Congress, in what one lawmaker called a “spreading virus” of political violence. Law enforcement officials responsible for securing the U.S. Capitol complex and its 535 members…
By Melanie Burton MELBOURNE (Reuters) -When China restricts exports of a key mineral, sometimes the pain is sudden and even crippling – enough to spur a major outcry almost immediately. Other times, it takes longer to be felt. For the world’s makers of lead-acid batteries, China’s restrictions on critical mineral antimony that were put in…
(Reuters) -Trump Media and Technology Group said on Friday that the U.S. Securities and Exchange Commission has declared effective the registration for its bitcoin treasury deal. The company said it raised about $2.3 billion through a mix of debt and equity agreements with participation from around 50 investors. It said in May that the bitcoin…
(Removes duplicate dateline.) WASHINGTON (Reuters) -The White House earlier this month directed the Defense Department and NASA to gather details on billions of dollars in SpaceX contracts following the public blowout between President Donald Trump and billionaire Elon Musk, four people familiar with the order told Reuters. Sparking an ongoing review, the administration ordered the…
(Reuters) -Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more upside to prices after Israeli airstrikes on Iran sparked fears of a wider Middle East conflict. Call options grant the holder a right to buy futures contract at the preset price and date, and a…
By Sudipto Ganguly and Shivam Patel AHMEDABAD/NEW DELHI (Reuters) -India’s aviation regulator has ordered all Boeing 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on Saturday, adding the authorities were investigating all possible causes. The aviation regulator had on Friday…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors will keep close watch on planned protests across U.S. cities on Saturday, amid heightened concerns following immigration raids in Los Angeles and developments in the Middle East. The protests, organized by the “No Kings” coalition to oppose President Donald Trump’s policies, are set to coincide on Saturday…
By Ahmad Ghaddar and Seher Dareen LONDON (Reuters) -Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week. After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest since January as investors price in…
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) -The damage to Iran’s nuclear facilities from Israel’s initial wave of air strikes early on Friday appeared to be limited, experts who have reviewed commercially available satellite imagery said. Israel’s attacks succeeded in killing Iranian military leaders and nuclear scientists and in striking military command and control…
