China Evergrande lines up funds for interest payment to avert default -sourceChina · 6:03 AM UTC
China Evergrande Group has supplied funds to pay interest on a U.S. dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that would have seen the developer plunge into formal default.
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Biden backs down on corporate tax hikes, open to altering filibuster
U.S. President Joe Biden on Thursday backed away from pledged tax increases to fund planned infrastructure and social spending, and also said he was open to reforming Senate voting rights by "fundamentally altering" its filibuster custom.