1.No deal on debt, US pushes back default date
Democrats and Republicans struggled to reach a deal to raise the US government's $31.4 trillion debt ceiling, but got a bit more breathing room in negotiations.
#DebtCeiling #US #News #RushHourDaily #newsfeed
2.Tight monetary policy needed to tame US inflation, IMF says
The International Monetary Fund said that US interest rates will likely need to remain higher for longer to tame inflation and Washington needs to tighten fiscal policy to bring down its federal debt.
#Inflation #IMF #Fed #News #RushHourDaily #newsfeed
3.US consumer spending, inflation rise in April
US consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter, and inflation picked up, which could see the Federal Reserve keeping interest rates higher for some time.
#Inflation #Fed #Spending #News #RushHourDaily #newsfeed
4.Who could be the next leader of NATO?
An intense debate is playing out behind closed doors in European and North American military circles over who should replace Jens Stoltenberg as NATO secretary-general.
#NATO #Europe #Alliance #News #RushHourDaily #newsfeed
5.Russia attacks Ukrainian clinic; US vows more aid
A Russian missile hit a clinic in the eastern Ukrainian city of Dnipro on Friday, killing two people and wounding 30 in an attack that President Volodymyr Zelenskiy called a crime against humanity.
#Russia #Ukraine #News #RushHourDaily #newsfeed
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