Author: The Gazette
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Katie Porter expresses regret after videos of her berating staff emerge
Former California Democratic Rep. Katie Porter, who is running for governor of California next year, said she regretted her behavior after two videos of her threatening to walk out of an interview and berating a staffer made headlines. “When I look at those videos, I want people to know that I understand that I could…
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Hegseth says US will ‘impose costs’ on Russia if Ukraine war does not end
BRUSSELS (Reuters) -U.S. Defense Secretary Pete Hegseth said on Wednesday the United States and its allies would take the steps necessary to “impose costs on Russia for its continued aggression” if the war in Ukraine does not come to an end. “If we must take this step, the U.S. War Department stands ready to do…
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US state governors launch alliance to bolster coordination on public health
By Siddhi Mahatole (Reuters) -A coalition of 15 U.S. state governors representing more than a third of the country’s population has launched a new bipartisan alliance on Wednesday, aimed at improving public health coordination and emergency preparedness. The Governors Public Health Alliance will serve as a hub for governors and public health officials to share…
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Trump ready to meet with China’s Xi in South Korea, Bessent tells CNBC
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday insisted that Washington did not want to escalate a trade conflict with China, stressing that President Donald Trump is ready to meet Chinese President Xi Jinping in South Korea later this month. Bessent told a CNBC event that officials from…
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Gaza’s Rafah crossing to Egypt expected to open for people on Thursday
JERUSALEM (Reuters) -The Rafah border crossing between Egypt and the Gaza Strip is expected to reopen to allow people to cross on Thursday with an EU mission set to deploy there, two sources told Reuters. The sources did not specify what restrictions might be applied to those seeking to cross. The Israeli military and the…
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Apple rolls out devices with more powerful M5 chip
(Reuters) -Apple unveiled a series of product updates on Wednesday, including a refreshed MacBook Pro, an iPad Pro and a second generation of the Vision Pro headset, as it embeds its latest M5 chip across devices aimed at creative professionals. The introduction of M5-powered devices positions Apple to counter performance gains from rivals using Qualcomm…
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EIA expects heating US homes by electricity to cost more this winter than last year
NEW YORK (Reuters) -U.S. households heated mainly by electricity will spend about 4% more this year to stay warm over the winter due to higher power price forecasts, the Energy Information Administration said on Wednesday in its winter fuels outlook report. Demand growth for electricity from data centers powering the AI boom, and the electrification…
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US deficit-to-GDP ratio has room to come down, Bessent says
(Reuters) -The U.S. deficit-to-gross domestic product ratio has room to come down to the 3% range, Treasury Secretary Scott Bessent said on Wednesday. “The deficit-to-GDP, which is the important number, now has a five in front of it,” Bessent said at a CNBC event held on the sidelines of the International Monetary Fund and World…
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Shutdown is costing US economy $15 billion a day, Bessent says
By David Lawder and Andrea Shalal Washington (Reuters) -The two-week-old federal government shutdown is costing the U.S. economy about $15 billion a day in lost output, Treasury Secretary Scott Bessent said on Wednesday, putting an estimate on its economic toll and urging Democrats to “be heroes” and side with Republicans to end it. Bessent told…
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US, China are still committed to global debt efforts, IMF strategy chief says
By Andrea Shalal and Karin Strohecker WASHINGTON (Reuters) -Top U.S. and Chinese officials will join Wednesday’s meeting of the Global Sovereign Debt Roundtable, where a key topic will be the lack of transparency about bank loans that have complicated developing countries’ debt restructuring efforts. International Monetary Fund strategy chief Ceyla Pazarbasioglu said the continued participation…