Cutting the $32 trillion debt doesn't mean that the White House sees an imminent crisis. Instead, it hopes to draw a sharp contrast with Republicans who refuse to raise the debt limit without spending cuts.
- LegalLouisville police discriminate against Black people, US Justice Dept says
The Louisville, Kentucky, police force routinely discriminates against Black residents, uses excessive force and conducts illegal searches, the U.S. Justice Department said on Wednesday, following a probe prompted by Breonna Taylor's killing in 2020.
- Rates & BondsFed still up in the air on whether to accelerate rate hikes, Powell says
Powell reaffirmed his message of higher and potentially faster interest rate hikes.
- BusinessExclusive: Australia expected to buy up to 5 Virginia class submarines as part of AUKUS -sources
AUKUS is expected to be Australia's biggest-ever defense project and offers the prospect of jobs in all three countries. In the early 2030's, Australia would buy 3 Virginia class submarines with the option to buy two more.
Women's Day
- UN warns of aid cuts over Taliban crackdown on women's rightsWorld ·
March 8, 2023 The U.N. envoy in Afghanistan warned on Wednesday that a Taliban administration crackdown on women's rights is likely to lead to a drop in aid and development funding in the country, where women fear being cut from public life as much as violent death.
Talking Points
- United StatesFactbox: What's in Biden's budget: taxes on buybacks, rail safety, childcare
U.S. President Joe Biden's budget for fiscal 2024 will be released on Thursday. While the document is always a bit of a wish list, and especially so given the current divided Congress, the Democratic president's spending and revenue priorities will be key factors in upcoming negotiations with Republicans over raising the debt ceiling.