WASHINGTON, June 16 The U.S. Supreme Court on Monday declined to hear Argentina's appeal over its bid to avoid paying $1.33 billion to hedge fund creditors or risk a potential default.
Without further comment, the high court left intact lower court rulings that ordered Argentina to pay. The government had previously warned it could default on its sovereign debt if required to pay in full. (Reporting by Lawrence Hurley; Editing by Howard Goller)
Official urges limited Fed role in addressing U.S. inequality
CLEVELAND, June 23 The Federal Reserve cannot directly address the problems of inequality, globalization and the challenges facing lower-income Americans, a Fed official said on Friday, though it can help identify solutions for legislators to take up.