The U.S. government posted a June deficit of $174 billion, about a fifth of the June 2020 deficit of $864 billion, as a rebound in the labor market and an earlier tax deadline this year raised revenues, the U.S. Treasury said on Tuesday.
The White House expects supply chain pressures that are fueling higher inflation to abate in the "not-too-distant future," but cannot say exactly when, a senior official said on Tuesday after June consumer prices showed the biggest gain in 13 years.
U.S. Vice President Kamala Harris said on Tuesday the Democratic lawmakers from Texas who left the state to derail Republican efforts to pass new voting restrictions have shown "great courage" and that she is working with people in the private sector to build a coalition to work on voting rights.
U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum.
The U.S. government on Tuesday strengthened its warnings to businesses about the growing risks of having supply chain and investment links to China's Xinjiang region, citing forced labor and human rights abuses there.
Rising coronavirus infection rates, driven by the fast-spreading Delta variant, are forcing more countries around Europe to re-impose restrictions that could cast a pall over the region's economic recovery prospects.
An ex-soldier recruited to join a group of Colombians accused of involvement in last week's assassination of Haiti's president added his voice to a chorus of family and colleagues who say the men were contracted to provide security, not to kill.
Oil slumped on Monday over concerns about spreading COVID-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices from falling lower.
The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the U.S. administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.
President Joe Biden will call efforts to strip the right to vote from some Americans "authoritarian" in a speech on Tuesday, the White House said on Monday.
A punishing heat wave was again forecast to bring near-record high temperatures to many parts of the U.S. West on Monday, as a wildfire raged out of control in drought-stricken Oregon.
A U.S. judge on Monday appeared likely to reprimand Sidney Powell, a former campaign lawyer for Donald Trump, and other attorneys over a lawsuit they filed in Michigan seeking to overturn Democratic President Joe Biden's election victory.
President Joe Biden said on Monday the United States supports the people of Cuba in their call for freedom and relief from the pandemic and economic woes, but the White House stopped short of a shift away from a Trump-era embargo of the island.
The U.S. Federal Trade Commission (FTC) said on Monday it will vote July 21 on whether to rescind a 1995 policy statement regarding “prior approval” and “prior notice” remedies in merger cases.
The U.S. Food and Drug Administration is expected to announce a new warning on Johnson & Johnson's coronavirus vaccine related to a rare autoimmune disorder, the Washington Post reported on Monday, citing four people familiar with the matter.
