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“IMF Warns of Global Economic Consequences if US Fails to Raise Debt Ceiling”

by Chief editor of world-today-news.com May 11, 2023
written by Chief editor of world-today-news.com

The International Monetary Fund (IMF) said on the 11th that if the United States fails to raise the federal debt ceiling and defaults, it will be “very serious” not only for the U.S. economy but also for the global economy, such as rising borrowing costs. influence,” he said. Photographed in September 2018 (2023 REUTERS/Yuri Gripas)

[ワシントン 11日 ロイター] – The International Monetary Fund (IMF) said on the 11th that if the United States fails to raise the federal debt ceiling and defaults, it will be “extremely serious” not only for the U.S. economy but also for the global economy, such as rising borrowing costs. “It will have a significant impact,” he said.

IMF spokeswoman Julie Kossack said it was not possible to immediately quantify the impact of a US default on global growth.

U.S. officials should also be alert to new vulnerabilities in U.S. banks, including regional banks, that could emerge as interest rates rise, he said.

2023-05-11 18:41:00
#U.S #default #impact #global #economy #IMF

May 11, 2023 0 comments
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World

“US Department of Defense Announces $1.2 Billion in Military Aid to Ukraine”

by Chief editor of world-today-news.com May 9, 2023
written by Chief editor of world-today-news.com

The US Department of Defense announced on the 9th that it will provide additional military assistance of $1.2 billion, including air defense systems and ammunition. Reuters/Anna Kudriavtseva – RC2MZS9CZ8WP near Kyiv (Kiev) in March 2022.

[ワシントン 9日 ロイター] – The US Department of Defense announced on the 9th that it will provide additional military assistance of $1.2 billion, including air defense systems and ammunition.

The weapons purchase will be funded by the Ukraine Security Assistance Initiative (USAI).

Since the beginning of fiscal year 2023, the United States has provided Ukraine with four installments of $5 billion in military aid under the USAI. In fiscal 2022, it appropriated the equivalent of $6.3 billion.

#send #billion #additional #military #aid #Ukraine
2023-05-09 20:22:00

May 9, 2023 0 comments
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World

Director of National Intelligence warns of Chinese opportunism in event of US debt default

by Chief editor of world-today-news.com May 4, 2023
written by Chief editor of world-today-news.com

Director of National Intelligence Haynes, the top US intelligence agency, said that if the US were to default on its debts, China would be expected to use it as an opportunity. FILE PHOTO: Washington, D.C., April 4, 2023. REUTERS/Kevin Lamarque

[ワシントン 4日 ロイター] – Director of National Intelligence Haynes, the top US intelligence agency, said on the 4th that China is expected to take advantage of a golden opportunity if the US defaults on its debts.

Haynes told the Senate Armed Services Committee that China and Russia would use the U.S. debt default as an opportunity to play out a scenario in which U.S. democracy is not working. “Our analysts would agree that they are almost certainly going to try to use it as an opportunity,” he said.

#China #advantage #U.S #debt #default #U.S #intelligence #chief
2023-05-04 14:09:00

May 4, 2023 0 comments
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World

Senior US official says China not inclined to overreact to Taiwan president’s visit to the US

by Chief editor of world-today-news.com March 29, 2023
written by Chief editor of world-today-news.com

WASHINGTON (Reuters) – China sees no reason to overreact to Taiwanese President Tsai Ing-wen’s visit to the United States during her Central America tour this week and next, senior U.S. officials said on March 29. rice field. Photo taken in Taoyuan, Taiwan, 2023. REUTERS/Ann Wang

[ワシントン 29日 ロイター] – Senior US officials said there was no reason for China to overreact to Taiwanese President Tsai Ing-wen’s visit to the US this week and next week during her visit to Central America. He said it was consistent with the US’ One China policy.

He also said he urged the Chinese side to keep dialogue channels open.

President Tsai will stop in New York and Los Angeles during her visit to Guatemala and Belize in Central America. He is scheduled to arrive in New York on the 29th and return to Taiwan on April 7th.

It will be the president’s seventh visit to the United States since 2019 and his seventh since taking office in 2016. After a trip to Central America, he is expected to meet Speaker of the US House of Representatives McCarthy in Los Angeles. It was the first time that the speaker of the House of Representatives had met with a Taiwanese president in the United States, and this was provoked by China.

A high-ranking official said that President Tsai also held various activities during past visits to the United States, including meetings with lawmakers. “Therefore, there is absolutely no reason for the Chinese government to use this visit as an excuse to carry out aggressive and coercive activities against Taiwan,” he said.

Beijing has increased military, economic and diplomatic pressure on Taiwan, but said it would not pressure the United States to change its long-standing practice of facilitating travel through the United States.

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March 29, 2023 0 comments
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Business

Economy is on the right track, jobs report says Biden

by Chief editor of world-today-news.com March 10, 2023
written by Chief editor of world-today-news.com

U.S. President Joe Biden said on Thursday that the February jobs report released earlier this morning showed that the U.S. economy was heading in the right direction. February 14, 2023. REUTERS/Leah Millis/File Photo

[ワシントン 10日 ロイター] – U.S. President Biden said on the 10th that February’s employment report, which was released early in the morning, showed that the U.S. economy is heading in the right direction.

Nonfarm payrolls rose by 311,000, according to the February employment report. The growth exceeded market expectations, again demonstrating the firmness of employment.

The unemployment rate rose to 3.6% last month from 3.4%, the lowest since May 1969. I pointed out that the people who had been there are coming back.

He said inflation had slowed recently and was optimistic about next week’s release of the U.S. Consumer Price Index (CPI).

He also criticized right-wing Republican lawmakers’ reckless stance of refusing to raise the debt ceiling unless the administration agrees to cut spending as the biggest threat to the U.S. economic recovery. At the same time, he remained open to sitting down at the negotiating table with Speaker of the House McCarthy (Republican).

March 10, 2023 0 comments
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World

Taiwan president to visit Los Angeles and New York: minister

by Chief editor of world-today-news.com March 9, 2023
written by Chief editor of world-today-news.com

Hsu Ji-ching, chairman of Taiwan’s Overseas Affairs Commission, said on March 9 that President Tsai Ing-wen plans to visit Los Angeles and New York as part of her visit to Central America. FILE PHOTO: Taipei, Taiwan February 15, 2023.Reuters/I-Hwa Cheng

TAIPEI (Reuters) – Taiwanese President Tsai Ing-wen plans to visit Los Angeles and New York as part of her visit to Central America, Xu Jiaqing, chairman of Taiwan’s Overseas Affairs Commission, said on Thursday.

Taiwan’s presidential office has not confirmed the date of the visit.

Tsai is expected to meet Speaker of the House of Representatives McCarthy in the United States, sources familiar with the matter said. Beijing said it had “serious concerns” about Tsai’s plans, and said he had sought clarification from the United States.

In response to questions from lawmakers in the Legislative Yuan, Chairman Xu said that an event would be held in New York where the president would meet with Taiwanese living abroad. He said the West Coast is likely to host such an event in Los Angeles.

March 9, 2023 0 comments
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