Thursday, 28th, 2024 | 12:25AM Updated
The U.S. economy is recovering faster than many policymakers had expected, but a "broad-based recovery is taking more time to achieve" and more progress will be needed in the job market before the Federal Reserve's conditions for reducing its extensive support will be met, the head of the Federal Reserve Bank of Cleveland said on Wednesday.
The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing and making it harder to meet U.S. climate goals, three sources familiar with the discussions told Reuters. New subsidies, in the form of "production tax credits," would likely be swept into President Joe Biden's multi-trillion-dollar legislative effort to invest in infrastructure and jobs, the sources said.
U.S. lawmakers are pushing for tens of billions of dollars in funding to shift to electric vehicles and away from gas-powered vehicles and build hundreds of thousands of charging stations.
Canada is authorizing the use of Pfizer Inc's COVID-19 vaccine for use in children aged 12 to 15, the first doses to be allowed in the country for people that young, the federal health ministry said on Wednesday.
The Group of Seven scolded both China and Russia on Wednesday, casting the Kremlin as malicious and Beijing as a bully, but beyond words there were few concrete steps aside from expressing support for Taiwan and Ukraine.
Riot police fired tear gas at protesters in Bogota on Wednesday during an eighth day of nationwide anti-government demonstrations, after crowds attacked police stations in the capital overnight.
The Biden administration on Wednesday blocked a Trump-era rule that would have made it easier to classify gig workers who work for companies like Uber and Lyft as independent contractors instead of employees, signaling a potential policy shift toward greater worker protections.
Live Broadway shows will return to the stage starting Sept. 14 after an 18-month hiatus to fight the coronavirus pandemic, New York Governor Andrew Cuomo announced on Wednesday.
New York's Major League Baseball teams, the Yankees and the Mets, will give free tickets to fans who get vaccinated against the coronavirus at their ballparks before the games, Governor Andrew Cuomo said on Wednesday.
Mexican President Andres Manuel Lopez Obrador said on Wednesday that U.S. Vice President Kamala Harris would probably visit Mexico on June 8 after mid-term legislative elections are held a couple of days earlier in the country.
A federal judge on Wednesday threw out the U.S. Centers for Disease Control and Prevention's nationwide moratorium on evictions but agreed to put a temporary hold on her ruling as the government seeks to reverse the decision on appeal.
The city of Atlanta on Wednesday reinstated a police officer fired over the fatal shooting of a Black man last year after an oversight board ruled that he was terminated without due process.
Foreign ministers from the Group of Seven wealthy nations on Wednesday agreed to expand and strengthen the rapid response mechanism it uses to fight threats to democracy such as disinformation.
Politicians, including Sweden's leaders, are still in denial over the threat from climate change, environmental activist Greta Thunberg said on Monday after meeting Sweden's Prime Minister Stefan Lofven.
U.S. Supreme Court justices on Tuesday seemed skeptical that low-level crack cocaine offenders can benefit under a 2018 federal law that reduced certain prison sentences in part to address racial disparities detrimental to Black defendants.
A "Golden Bridge of Silk Road" structure has been erected in Beijing's Olympic Park.